Technical analysis from experts

ETHUSD technical analysis 25 june 2020

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hourly chart analysis

ETHUSD technical chart
Figure 1: bigX web trader, H1 chart

Key Points

  • The H1 chart should be used for short term trading position entry and exit
  • We are ranging within the price 230 and 250
  • We have seen a bounce off the 250 level
  • Analysis on longer term timeframes will guide us through the coming weeks
  • Potential retracement to 200 levels

four hourly analysis

Testing the bullish trend line
Figure 2: bigX web trader, Four Hourly Chart

Key Points

  • Price is slowly trending back to the peaks around 280
  • The trend line has supported the price well
  • Even with a price spike in Mid-march we see the price retrace to safety levels
  • Since then the price has slowly gained demonstrating demand
  • Potential challenge to 280 levels

daily analysis

Fibo levels at ETHUSD
Figure 3: bigX web trader daily chart

Key Points

  • On the daily chart we can see use fib retracement
  • The 61% channel has broken up
  • We should therefore see challenges to both the 61% channel again and potential momentum towards the 100% level (280)