Ethereum (ETH/USD) Technical Analysis Leans Lower

Daily outlook Bearish bias Nov 13, 2026, 07:57 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

Ethereum (ETH/USD) is at 1939.03 in the London session, down 3.88% on the day, between S3 at 1896.7 and S2 at 1939.41, with all three trends down.

Where Ethereum (ETH/USD) stands

In the London session, with New York joining at 12:00 UTC, Ethereum (ETH/USD) last traded at 1939.03. The pair is down 78.31 dollars, or 3.88%, on the day from the previous close at 2017.34. The day open is 2017.34 and the day high is also 2017.34, while the day low is 1902.65. The last price is above that day low. On the live Ethereum (ETH/USD) rate, price is between S3 at 1896.7 and S2 at 1939.41.

The day range is 114.69 dollars. Set next to the 14-day ATR of 94.15 dollars, that range is 122% of ATR. Yesterday's candle opened at 2053.79, marked a high at 2063.84 and a low at 1982.13, and ended at yesterday's close of 2017.4. That prior bar covered 81.71 dollars. The previous close used for today's change, 2017.34, and yesterday's close, 2017.4, are not the same print.

Trend and momentum line up lower

The daily trend is down. Last price is below the 200-day EMA at 2297.76. The 20-day EMA stands at 2224.13 and the 50-day EMA at 2331.82, so both remain far above 1939.03. The four-hour trend is down, with its 20-period EMA at 2041.96 and its 50-period EMA at 2124.76. The one-hour trend is down too: the 20-period EMA is 1983.23 and the 50-period EMA is 2021, and the last price is beneath both.

Daily, four-hour and one-hour states agree, all down, so the lean is bearish rather than split. Daily RSI reads 28.2. The five-day change is down 13.33%, and the twenty-day change is down 18.69%.

Levels around this London print

Nearest resistance is S2 at 1939.41, 0.38 dollars above the last price. Nearest support is S3 at 1896.7, 42.33 dollars below it. Above the last price, the rest of the pivot stack is S1 at 1978.41, the daily pivot at 2021.12, R1 at 2060.12, R2 at 2102.83 and R3 at 2141.83. The pivot points keep those names even where S1 and S2 now sit overhead.

The previous day high is 2063.84 and the previous day low is 1982.13. The five-day high is 2242.74 and the five-day low is 1982.13. The twenty-day high is 2445.67 and the twenty-day low is 1982.13. The last price is below the previous day low, below the five-day low and below the twenty-day low. The round level below price is 1900, which is still above S3 at 1896.7. The round level above price is 1950, which is above S2 at 1939.41.

Upside map and downside map

The bullish path starts well above the market. A break above R1 at 2060.12 would open the way to R2 at 2102.83, a 42.71 dollar stretch from trigger to target. A move back below the daily pivot at 2021.12 would invalidate that path. Because the last price is already under the daily pivot, that upside map is not active at 1939.03.

The bearish path is built off the nearest support. A break below S3 at 1896.7 would open the way to the next round number at 1850, 46.7 dollars past that trigger. A move back above the daily pivot at 2021.12 would invalidate it. S2 at 1939.41, 0.38 dollars overhead, is resistance here, but it is not the bullish trigger and it is not the bearish invalidation.

PPI, speeches and the news tone

Today's scheduled releases center on a US producer-price set at 13:30 UTC, after New York joins at 12:00 UTC. The high-impact item is Producer Price Index ex Food and Energy (YoY), previous 5 and estimate 5. Alongside it, Producer Price Index (MoM) shows previous 1.3 and estimate 0.4, Producer Price Index ex Food and Energy (MoM) shows previous 0.7 and estimate 0.3, and Producer Price Index (YoY) shows previous 6.3 and estimate 6.6. Still today, Fed's Bowman speech is at 15:50 UTC and Fed's Daly speech is at 17:00 UTC, each marked medium impact. Tomorrow brings Fed's Jefferson speech at 00:00 UTC, also medium impact, and that item is not part of today's slate. The economic calendar times those releases; nothing in the listed times ranks one release over another.

Holder sales run through headlines from Crypto Briefing and Coindesk, Invezz writes about price under 2000, and the Crypto Briefing title also has price near 2000, which may color talk of the decline without proving why the day is down 3.88%. The opportunity read is -44, bearish. Over 24 hours that read moved from 27, bullish, to -42, bearish, and it is news tone only, not a forecast that price leaves S2 or reaches S3.

Bottom line

Ethereum (ETH/USD) leans lower in the London session: the last price is 1939.03, down 3.88% on the day, with daily, four-hour and one-hour trends all down, parked between S3 at 1896.7 and S2 at 1939.41. A break below S3 at 1896.7 would open the round number at 1850, and a move back above the daily pivot at 2021.12 would invalidate that view. The alternate path needs a break above R1 at 2060.12 toward R2 at 2102.83, and it is invalidated by a move back below the same daily pivot, a level price has not reclaimed.