11.1 C
2 June 2023
Image default

Ethereum Technical Analysis: ETH/USD losing some gains after the recent $250 rejection

  • 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


Today last price 242.26
Today Daily Change -5.77
Today Daily Change % -2.33
Today daily open 248.03
Daily SMA20 229.15
Daily SMA50 212.71
Daily SMA100 185.43
Daily SMA200 180.42
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
News Source

Related posts

TA: Ethereum Prints Bullish Break: Why ETH Could Surge Above $1,200 Aayush Jindal by Aayush Jindal


Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC stagnates as alt season bodes well for ETH and XRP


The Design of Ethereum (ETH) 2.0 Is Clear