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ETH Daily Analysis: Can we break $104?

ETH has moved back into triple digit figures over last nights late trading hours. We saw how it sought to penetrate the $104 area four times before giving up and seeks to find some support before re-trying $104.

What do the charts say? 

Bullish

  • The fibonacci illustrates that 0.786 lies at $99 and 0.618 at $95.
  • It is more than likely that we will see 0.786 fibonacci at $99 – there is one volume gap to be filled there and buy levels all the way down.
  • In this instance, ETH has a chart that illustrates far more buy side support than sell side support, making it seem that $95 is only likely if BTC goes to $3465.
  • A look at the higher time frames illustrates one MA crossover, that could be enough momentum to break $104 and find some support.
  • Accumulation has been increasing in ETH 27% Day on Day with Market sentiment drastically increasing during the weekend.
  • MACD indicators flashing BUY and so too is Nouvive Signals.

Bearish

  • We may seem some cooling off to $99 to fill the volume gap there or $97 to find the previous support, but it is more than likely we will also seek to break $104 today too.

Nouvive Says: We may see some cooling off to $97-95, before a break of $104 over the course of the day.

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ViFeed Indicators

Bitcoin (BTC)
$9637.42
0.00 RSI
-1.56%
--
Ethereum (ETH)
$257.95
0.00 RSI
2.05%
--
XRP (XRP)
$0.28
0.00 RSI
-1.12%
--
Bitcoin Cash (BCH)
$402.2
0.00 RSI
-0.67%
--
Bitcoin SV (BSV)
$306.79
0.00 RSI
10.59%
--
Litecoin (LTC)
$72.52
0.00 RSI
0.31%
--
Tether (USDT)
$1
0.00 RSI
-0.11%
--
EOS (EOS)
$4.35
0.00 RSI
1.56%
--
Binance Coin (BNB)
$22.92
0.00 RSI
-0.61%
--
Tezos (XTZ)
$3.05
0.00 RSI
-0.46%
--
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