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Ethereum technical analysis: ETH/USD must breakdown big barrier $230-240 for greater upside

  • Ethereum price in the second half of the day on Wednesday, is trading in minor positive by just some 1.40%. 
  • ETH/USD is being capped to the upside by a big area of supply, $230-240 range. 
  • There is decent near-term support to comfort the bulls, while they attempt at breaking down the noted resistance. 

Spot rate:                 229.10

Relative change:      +1.40%

High:                         231.24

Low:                          223.29

ETH/USD

Overview
Today last price 229.51
Today Daily Change 3.57
Today Daily Change % 1.58
Today daily open 225.94
 
Trends
Daily SMA20 219.12
Daily SMA50 258.25
Daily SMA100 243.91
Daily SMA200 191.38
Levels
Previous Daily High 239.56
Previous Daily Low 222.57
Previous Weekly High 222.76
Previous Weekly Low 197.53
Previous Monthly High 318.46
Previous Monthly Low 190.64
Daily Fibonacci 38.2% 229.06
Daily Fibonacci 61.8% 233.07
Daily Pivot Point S1 219.15
Daily Pivot Point S2 212.36
Daily Pivot Point S3 202.15
Daily Pivot Point R1 236.15
Daily Pivot Point R2 246.35
Daily Pivot Point R3 253.15

 

ETH/USD 60-minute chart

  • A near-term trend line can be observed providing needed support for the price. 

ETH/USD daily chart

  • A chunky area of supply can be observed running from $230 - $240 via the daily. 

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