- ETH/USD consolidates gains from the multi-month top amid overbought RSI conditions.
- 61.8% of Fibonacci retracement offers key support, bulls keep eyes on 2018 high.
Having jumped to the highest in 35 months, ETH/USD recedes to $955.35 during early Monday’s trading. Although overbought RSI conditions suggest further consolidation of prices, 61.8% Fibonacci retracement of the year 2018 downturn becomes the key level to watch for bears.
The downside break of the key Fibonacci retracement, at $906.30, needs to get validation from the $900 round-figure before challenging May 2018 top surrounding $830.
However, any further weakness past-$830 can make the crypto pair vulnerable to revisit July 2018 peak close to $515.00 ahead of highlighting the $500 psychological magnet and September 2020 high of $488.95.
On the contrary, the $1,000 threshold guards the pair’s immediate upside ahead of the recent high around $1,015.
Should ETH/USD buyers chose to ignore RSI conditions beyond $1,015, the February 2018 high of $1,224 and the year 2018 peak, also the record high, near1,420 will be in the spotlight.
ETH/USD weekly chart
Trend: Pullback expected
ADDITIONAL IMPORTANT LEVELS
OVERVIEW | |
---|---|
Today last price | 967.13 |
Today Daily Change | -13.31 |
Today Daily Change % | -1.36% |
Today daily open | 980.44 |
TRENDS | |
---|---|
Daily SMA20 | 682.54 |
Daily SMA50 | 606.21 |
Daily SMA100 | 498.53 |
Daily SMA200 | 413.11 |
LEVELS | |
---|---|
Previous Daily High | 1015.14 |
Previous Daily Low | 770 |
Previous Weekly High | 759 |
Previous Weekly Low | 625.01 |
Previous Monthly High | 759 |
Previous Monthly Low | 530.32 |
Daily Fibonacci 38.2% | 921.5 |
Daily Fibonacci 61.8% | 863.64 |
Daily Pivot Point S1 | 828.58 |
Daily Pivot Point S2 | 676.72 |
Daily Pivot Point S3 | 583.44 |
Daily Pivot Point R1 | 1073.72 |
Daily Pivot Point R2 | 1167 |
Daily Pivot Point R3 | 1318.86 |