Ethereum (ETH / USD) went out in today North American session like the exchanged pair low as the 157.00 area after trade as high as the 161.50 area during the Asian session one level it’s just around a recent relatively weak earlier this week. Especially, intraday low during the North American the session is fair above the 166.90 area, representing the 50% retracement from recent appreciation of 152.30 at 161.50, and the next falling price targets in this range include the 155.81 and 154.47 areas. Another very important range that traders watch is the most wider appreciation of 123.72 at 176.82, and the 150.27 the region is next price reduction target in that range.
Another very important level that traders are watching is the Level 159.62, a price increase target related to buying pressure that emerged around the Level 90.00 in March. Recent selling pressure around that level during European session suggests that there might be some short-term market weakness to come, with the Level 153.22 as another possible goal in the short term. If the pair is able to resume its upward trajectory above activity at current prices, additional rising price targets include the 161.67, 164.56, 167.45, and 171.03 levels. Below current price activity, falling price targets include the 150.27, 149.31, and 144.00 levels. Chartists observe that the MA up 50 bars (every 4 hours) remains above the 100 bar MA (every 4 hours), and that the MA 50 bar (hourly) East bearish bearish below the 100 bar MA (every hour).
Pricing activity is closest to MA 50 bars (Every 4 hours) at 157.67 and the 200 bar MA (Every hour) at 157.73.
Technical support is expected around 153.22 / 149.31 / 146.77 with Stopped expected below.
Technical resistance is expected around 161.67 / 164.56 / 167.45 with Stopped expected above.
Sure 4 hours graphic, SlowK East Bearish decline under SlowD while MACD East Strongly below MACDAverage.
Sure 60 minutes graphic, SlowK East Bearish decline under SlowD while MACD East Strongly below MACDAverage.