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ETH/USD Price Analysis: $10 Ethereum will still be considered expensive in the future

  • ETH/USD has been in a downtrend since the crypto-bubble burst in early 2018.
  • ETH/USD bear trend remains intact as sellers are eyeing a break below $100.
 
 

ETH/USD weekly chart

 
Ethereum has been declining steadily after the crypto-bubble burst in early 2018. ETH/USD is trading below all its main weekly SMAs as bulls are holding on with the skin of their teeth. A break below the 100 level could have very bearish implications with a drop to the levels prior to 2017. That is to say ETH/USD is most likely to depreciate to around 10 or $5 in the future. 
 

Additional key levels

ETH/USD

Overview
Today last price 157.45
Today Daily Change -12.48
Today Daily Change % -7.34
Today daily open 169.93
 
Trends
Daily SMA20 142.24
Daily SMA50 176.61
Daily SMA100 181.38
Daily SMA200 173.36
 
Levels
Previous Daily High 173.57
Previous Daily Low 165.32
Previous Weekly High 150.33
Previous Weekly Low 123.94
Previous Monthly High 252.76
Previous Monthly Low 89.65
Daily Fibonacci 38.2% 168.47
Daily Fibonacci 61.8% 170.42
Daily Pivot Point S1 165.65
Daily Pivot Point S2 161.36
Daily Pivot Point S3 157.4
Daily Pivot Point R1 173.9
Daily Pivot Point R2 177.86
Daily Pivot Point R3 182.15

 

 

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