- ETH/USD is trading at $241 at the time of writing but the daily 12-EMA is still defended.
- Ethereum remains in a daily uptrend and will try to hold the $240 support level.
Ethereum is basically still in a daily uptrend but the bulls are losing some ground after a pretty significant rejection yesterday on June 10. The daily 12-EMA will act as a support zone again at $239.63. Bulls are not necessarily too worried even if the $240 level is lost as it wouldn’t be the first time during this uptrend that ETH has lost the daily 12-EMA.
ETH/USD 4-hour chart
The current price of Ethereum is below the 12-EMA and the 26-EMA on the 4-hour chart. Both EMAs are close to $244. Besides $240, Ethereum has more support at $237.01 and $234.60. ETH has been trading sideways for the majority of the last week and there isn’t a clear trend that the digital asset is following in the short-term.
The bulls need to stay above the EMAs if they want to attempt to break $250 again. There is still a chance to form a bullish reversal candlestick if the bulls can push Ethereum above $244 again.
ETH/USD technical levels
ETH/USD
OVERVIEW | |
---|---|
Today last price | 242.26 |
Today Daily Change | -5.77 |
Today Daily Change % | -2.33 |
Today daily open | 248.03 |
TRENDS | |
---|---|
Daily SMA20 | 229.15 |
Daily SMA50 | 212.71 |
Daily SMA100 | 185.43 |
Daily SMA200 | 180.42 |
LEVELS | |
---|---|
Previous Daily High | 250.41 |
Previous Daily Low | 242.34 |
Previous Weekly High | 253.48 |
Previous Weekly Low | 224.48 |
Previous Monthly High | 247.15 |
Previous Monthly Low | 176.19 |
Daily Fibonacci 38.2% | 247.33 |
Daily Fibonacci 61.8% | 245.42 |
Daily Pivot Point S1 | 243.45 |
Daily Pivot Point S2 | 238.86 |
Daily Pivot Point S3 | 235.38 |
Daily Pivot Point R1 | 251.51 |
Daily Pivot Point R2 | 254.99 |
Daily Pivot Point R3 | 259.58 |