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Ethereum Technical Analysis: ETH/USD slips below $230 and it’s at risk of losing the daily 26-EMA

  • ETH/USD dropped to $226.51 on June 19 but recovered.
  • The 4-hour chart is in a downtrend and ETH is slowly losing strength.

Ethereum is in a clear 4-hour downtrend and a daily downtrend. Things aren’t looking too good for ETH in the short-term. Ethereum 2.0 is still a beacon of hope for traders but no one truly knows when it’s going to be deployed exactly. 

ETH/USD 4-hour chart


Ethereum hit $231.8 after the drop on June 19 but that is a clear lower high which confirms the 4-hour uptrend. Bulls have not been able to stay above the 4-hour 12-EMA. The RSI is oversold but the bearish momentum is quite strong and will most likely ignore this indicator in the short-term. 

Buyers are facing resistance at $231.88 as well as $231.64, the current 26-EMA, and $230.47 the 12-EMA. More resistance levels are established at $234.48 and $237.21 highs. For support, bulls only have the last low of $226.51 and $218.14 daily low. 

ETH/USD technical levels


Today last price229.26
Today Daily Change-2.02
Today Daily Change %-0.87
Today daily open231.28
Daily SMA20239.19
Daily SMA50218.94
Daily SMA100186.48
Daily SMA200183.78
Previous Daily High234.48
Previous Daily Low227.66
Previous Weekly High250.41
Previous Weekly Low225.52
Previous Monthly High247.15
Previous Monthly Low176.19
Daily Fibonacci 38.2%230.26
Daily Fibonacci 61.8%231.87
Daily Pivot Point S1227.8
Daily Pivot Point S2224.32
Daily Pivot Point S3220.98
Daily Pivot Point R1234.62
Daily Pivot Point R2237.96
Daily Pivot Point R3241.45
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