ETH/USD Picks Major Stops Under 2153: Sally Ho's Technical Analysis June 21, 2021 ETH

Ethereum (ETH/USD) continued to lose ground at the start of today's Asian session, adding to the selling pressure of the pair, trading as low as 2042.50 during the North American session, representing a 61.8% retracement test of historical appreciation from the past. 90 to 5186.44. Traders pushed ETH/USD towards the 2219.52 region during the European session and tested the 76.4% pullback from the range rising from 1545.77 to 4384.43. The stops were recently selected under the areas 2339 and 2194.90 and represent 50% and 38.2% retracements of the depreciation range between 2950 and 1728. Possible technical support levels during pullbacks include the 2005, 1979, 1783 and 1725 levels. During the last valuation, which hit all-time highs around the 4384.43 region, Stops were selected instead of the 3987.65, 4113.81 and 4136.61 areas, upside price targets associated with historical buying pressures emerging around the 90 mark. Potential technical resistance areas are 2742, 3056 and 3369. Traders note that the 50 bar (4-hours) MA is below the 100 bar (4-hours) MA and below the 200 bar (4-hours) is a bearish indicator. – hourly). Also, the 50 bar (per hour) MA gives bearish indication below the 100 bar (hours) MA and below the 200 bar (hours) MA. Price activity is closest to the 50-bar MA (4-hours) at 2381.31 and the 50-bar MA (on the hour) at 2209.91. Technical support is expected around 1860/ 1783.89/ 1755.41 with the following stops. Technical resistance is expected around 3122.22/3420.10/ 3788.66 and expected stances above. On the 4-hour chart, SlowK is bearish below SlowD, while MACD is bearish below the MACDA average. On the 60-minute chart, SlowK is bearish below SlowD, while MACD is bearish below MACDA average. Disclaimer: This trade analysis is provided by a third party.

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