Ethereum price analysis: ETH/USD crosses $190 for the first time since September 24, will $200-level be passed?
|- ETH/USD went up from $181.15 to $193.25 this Wednesday.
- The MACD indicator shows three straight bullish sessions.
ETH/USD went up from $181.15 to $193.25, going up by almost 6.70% this Wednesday. Currently, the ETH/USD is priced at around $193. The bulls managed to break past the $190-level for the first time since September 24. The hourly breakdown shows us that the price jumped from $182.45 to $192 within two hours and then trended horizontally. It looks like the price has found intraday resistance at $193.45. If the bulls manage to break past that, then they should be able to re-enter the $200-zone.
ETH/USD daily chart
The price is trending above the 20-day and 50-day Simple Moving Average (SMA 20 and SMA 50) curves. The Moving Average Convergence/Divergence (MACD) indicator and Elliott Oscillator both show three straight bullish sessions. In the daily chart, the next resistance levels lie at the $200 line and the SMA 200 curve.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.