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Now it seems ready to test the sub-100 level



• The cryptography market suffered another round of downward sales on Tuesday, dragging Ethereum (ETH / USD) to a low intraday of 124.25, the lowest since May 2017.

• The short term oversold conditions have helped the digital currency rebound against the lows, which makes it difficult to technicalize an extension of the consolidated downtrend.

• Given last week's bearish turnaround in a consolidated trading range, a weakness under the $ 200 mark was seen as a key factor for bearish traders.

• A sale subsequent to the July 2017 lows has now prepared the basis for a test of a downward support of the trend line, which extends from the minimum established at the end of December 2017, April and September 2018.

Weekly chart of Ethereum

ETH / USD

Overview:
Latest price: 132.66
Daily change: -1.5e + 3 pips
Daily change: -10.5%
Daily opening: 148.15
trends:
Daily SMA20: 197.77
Daily SMA50: 204.99
Daily SMA100: 227.85
Daily SMA200: 378.57
levels:
Daily high: 177.53
Low daily newspaper: 144.94
High weekly: 213.44
Weekly minimum: 168.54
Maximum monthly: 235.43
Minimum monthly: 186.8
Daily Fibonacci 38.2%: 157.39
Fibonacci daily 61.8%: 165.08
Daily Pivot Point S1: 136.21
Daily Pivot Point S2: 124.28
Daily Pivot Point S3: 103.62
Daily Pivot Point R1: 168.81
Daily Pivot Point R2: 189.46
Daily Pivot Point R3: 201.4


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