Ethereum Price Prediction: ETH/USD bulls horns locked on $200 - Confluence Detector
|- Ethereum’s price on Wednesday in the second part of the session with decent gains of some 3.9%.
- ETH/USD bulls have their horns locked in on a return to the $200 price mark.
Ethereum’s price on Wednesday in the second half of the session is trading in the green up some 3.9%. ETH/USD bulls are attempting to regain full control to make an attempt at reclaiming the $200 mark.
ETH/USD bulls are chipping away at the supply area tracking from $185, running all the way up to $195 price area. Should the bulls break this area down, it should attract a decent wave of buyers to push back into $200.
Looking via the daily confluence detector, firstly the barriers of resistance; $184.24, weekly and daily pivot point resistance, $188.06 daily pivot point resistance. To the downside in terms of support; $180.43, daily pivot point support, $178.52 daily 38.2% Fibonacci.
ETH/USD daily confluence detector
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.