{"id":111078,"date":"2021-02-01T17:05:51","date_gmt":"2021-02-01T17:05:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=111078"},"modified":"2021-02-01T17:05:51","modified_gmt":"2021-02-01T17:05:51","slug":"eth-usd-roadblocked-around-1346-technical-resistance-sally-hos-technical-analysis-1-february-2021-eth","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/eth-usd-roadblocked-around-1346-technical-resistance-sally-hos-technical-analysis-1-february-2021-eth\/","title":{"rendered":"ETH\/USD Roadblocked Around 1346 Technical Resistance: Sally Ho’s Technical Analysis 1 February 2021 ETH"},"content":{"rendered":"

Ethereum (ETH\/USD<\/strong>) came off early in today’s North American<\/strong> session as the pair depreciated<\/strong> to the 1310.87<\/strong> area after trading as high <\/strong>as the 1346.50<\/strong> area during the European<\/strong> session, with the intraday high<\/strong> representing a test<\/strong> of the 61.8% retracement<\/strong> of the appreciating range<\/strong> from 1286.56<\/strong> to 1442.88<\/strong>, and the 100-hour simple moving average<\/strong>.  Traders observe that ETH\/USD<\/strong> traded as low<\/strong> as the 1271.31<\/strong> area during the Asian <\/strong>session, a test<\/strong> of a previous relative high<\/strong> around the 1275.99<\/strong> area.  Buying pressure<\/strong> emerged around and above<\/strong> the 1304.64<\/strong> area during the European<\/strong> and North American<\/strong> sessions, representing the 78.6% retracement<\/strong> of the appreciating range<\/strong> from 1267<\/strong> to 1442.88<\/strong>.  Traders are waiting to see if ETH\/USD bulls<\/strong> have the strength to establish a new multi-year high above<\/strong> the 1477.30<\/strong> area.  If ETH\/USD<\/strong> is able to extend<\/strong> its recent comeback <\/strong>further, some areas of potential technical resistance<\/strong> include the 1477.71<\/strong>, 1582.86<\/strong>, and 1665.31<\/strong> areas.  During ETH\/USD’s<\/strong> recent move higher<\/strong> to multi-year highs<\/strong>, Stops<\/strong> were recently elected above<\/strong> the 1072.78<\/strong>, 1133.44<\/strong>, 1163.93<\/strong>, 1176.28<\/strong>, 1225.30<\/strong>, and 1230.73<\/strong> areas, and selling pressure intensified below<\/strong> these areas during the pullback<\/strong>. Notably, these levels<\/strong> represented technically significant<\/strong> upside price objectives<\/strong> related to historical buying pressure<\/strong> around the 215.16<\/strong>, 625.01<\/strong>, 370.50<\/strong>, 480.08<\/strong>, 530.32<\/strong>, and 310.79<\/strong> areas. <\/p>\n

Some Stops<\/strong> were recently elected above<\/strong> the 1256.15<\/strong>, 1307.31<\/strong>, and 1315.02<\/strong> areas, upside retracement levels<\/strong> related to the recent depreciating range<\/strong> from 1390<\/strong> to 1039.62<\/strong>.  If ETH\/USD reverses<\/strong> recent gains and the psychologically-important 1000 figure<\/strong> cannot be held, technical<\/strong> traders will eye additional downside retracement<\/strong> areas including the 976.37<\/strong>, 954.16<\/strong>, 941.22<\/strong>, 917.03<\/strong>, 915.48<\/strong>, 902.24<\/strong>, 895.33<\/strong>, 869.22<\/strong>, 860.69<\/strong>, 856.83<\/strong>, 844.44<\/strong>, 831.94<\/strong>, 828.97<\/strong>, 812.73<\/strong>, 783.02<\/strong>, 770.03<\/strong>, 763.66<\/strong>, 750.28<\/strong>, 745.01<\/strong>, and 723.97<\/strong> areas. Traders are observing<\/strong> that the 50-bar MA (4-hourly)<\/strong> is bullishly indicating above<\/strong> the 100-bar MA (4-hourly)<\/strong> and above <\/strong>the 200-bar MA (4-hourly).<\/strong>   Also, the 50-bar MA (hourly)<\/strong> is bearishly <\/strong>indicating below <\/strong>the 100-bar MA (hourly)<\/strong> and above <\/strong>the 200-bar MA (hourly)<\/strong>.<\/p>\n

Price activity is nearest the 50-bar MA<\/strong> (4-hourly) at 1340.64 <\/strong>and the 50-bar MA<\/strong> (Hourly) at 1339.00.<\/strong><\/p>\n

Technical Support <\/strong>is expected around 792.40\/ 766.54\/ 729.88 <\/strong>with Stops<\/strong> expected below.<\/p>\n

Technical Resistance<\/strong> is expected around 1477.30\/ 1582.86\/ 1606.62 <\/strong>with Stops <\/strong>expected above.<\/p>\n

On 4-Hourly<\/strong> chart, SlowK<\/strong> is Bullishly above SlowD<\/strong> while MACD<\/strong> is Bearishly below MACDAverage<\/strong>.<\/p>\n

On 60-minute<\/strong> chart, SlowK<\/strong> is Bearishly below SlowD<\/strong> while MACD<\/strong> is Bullishly above MACDAverage<\/strong>.<\/p>\n

                                                                                                                                                                     <\/p>\n

Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. <\/em><\/p>\n

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Ethereum (ETH\/USD) came off early in today’s<\/p>\n","protected":false},"author":3,"featured_media":111077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"yoast_head":"\nETH\/USD Roadblocked Around 1346 Technical Resistance: Sally Ho's Technical Analysis 1 February 2021 ETH - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/ethereum\/eth-usd-roadblocked-around-1346-technical-resistance-sally-hos-technical-analysis-1-february-2021-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETH\/USD Roadblocked Around 1346 Technical Resistance: Sally Ho's Technical Analysis 1 February 2021 ETH - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH\/USD) came off early in today’s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/ethereum\/eth-usd-roadblocked-around-1346-technical-resistance-sally-hos-technical-analysis-1-february-2021-eth\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-01T17:05:51+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/ccryptafotosally-hos-technical-analysis-ethusd-1-february-2021-eth.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/ethereum\/eth-usd-roadblocked-around-1346-technical-resistance-sally-hos-technical-analysis-1-february-2021-eth\/\",\"url\":\"https:\/\/precoinnews.com\/ethereum\/eth-usd-roadblocked-around-1346-technical-resistance-sally-hos-technical-analysis-1-february-2021-eth\/\",\"name\":\"ETH\/USD Roadblocked Around 1346 Technical Resistance: Sally Ho's Technical Analysis 1 February 2021 ETH - 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