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366.31 Again Emerges as Important Level After ETH/USD Decline: Sally Ho's Technical Analysis 12 October 2020 ETH

Ethereum (ETH/USD) moved lower from the 375.00 level early in today’s North American session as the pair depreciated to the 365.77 area after trading as high as the 375.50 area during the Asian session, a test of the 375.81 area that represents the 61.8% retracement of the depreciating range from 380.00 to 369.02.  Stops were elected below several area of potential technical support during the move lower including 371.61, 369.81, 368.10, 367.74, and 366.31.  Notably, the 366.31 area represents the 38.2% retracement of the recent depreciating range from 384.61 to 355.00.  The pair’s recent high remains the 380.81 level that...

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ETH/USD Capped by 377.41 Technical Resistance: Sally Ho's Technical Analysis 11 October 2020 ETH

Ethereum (ETH/USD) weakened marginally early in today’s North American session as the pair depreciated to the 371.17 area after trading as high as the 377.49 area during the European session, a test of the 377.62 area that represents the 76.4% retracement of the depreciating range from 384.61 to 355.00.   The pair ran out of steam at the 380.00 area during yesterday’s North American session, right around the 78.6% retracement of a narrower depreciating range from 384.61 to 363.00.  Traders are also observing that the pair was capped just above the 377.41 area, representing the 76.4% retracement of the recent depreciating...

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ETH/USD Takes Breather After Run-Up: Sally Ho's Technical Analysis 10 October 2020 ETH

Ethereum (ETH/USD) gave back some recent strong gains early in today’s North American session as the pair depreciated to the 368.50 area after trading as high as the 380.81 area during the European session, stopping short of testing the 381.49 area that represents the 76.4% retracement of the recent depreciating range from 384.61 to 371.38.  Stops were elected above a series of upside price objectives during the pair’s surge in the Asian session and yesterday’s North American session, including the 368.10, 372.07, 373.81, and 378.27 levels.  Additional upside price retracement levels include the 382.56, 384.87, 387.15, 390.41, 394.55, 399.87, and...

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ETH/USD Extends Recent Gains After Stops Elected: Sally Ho's Technical Analysis 9 October 2020 ETH

Ethereum (ETH/USD) extended recent gains early in today’s North American session as the pair appreciated to the 362.00 area after trading as low as the 347.15 area during the European session, right around the 61.8% retracement of the recent appreciating range from 337.63 to 362.86.  Technical resistance capped the pair’s gains right around the 23.6% retracement level of the recent depreciating range from 384.61 to 355.00.   Some additional upside retracement levels include the 367.74, 372.07, 374.50, 378.27, 379.56, and 382.56 areas.  Additional upside price objectives related to a broader depreciating range from 488.95 to 310.79 include the 378.85, 399.87, and...

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ETH/USD Eyeing 344.10 on Recovery: Sally Ho's Technical Analysis 8 October 2020 ETH

Ethereum (ETH/USD) recovered some lost ground early in today’s North American session as the pair appreciated to the 339.49 area after trading as low as the 334.29 area during the European session, right around a previous relative low in a depreciating range from the 370.25 area.  The pair traded as high as the 342.36 area during the Asian session before moving to intraday lows.  One depreciating range that traders are carefully monitoring is the recent move from 355.33 to 332.87, with the range’s next upside retracement levels being 344.10, 346.75, and 350.03.  Traders are observing that the 50-hour simple moving...

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