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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 Price Analysis: $10 Ethereum will still be considered expensive in the future
Flavio TostiFlavio TostiIndependent Analyst
 
 

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 price157.45
Today Daily Change-12.48
Today Daily Change %-7.34
Today daily open169.93
 
Trends
Daily SMA20142.24
Daily SMA50176.61
Daily SMA100181.38
Daily SMA200173.36
 
Levels
Previous Daily High173.57
Previous Daily Low165.32
Previous Weekly High150.33
Previous Weekly Low123.94
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%168.47
Daily Fibonacci 61.8%170.42
Daily Pivot Point S1165.65
Daily Pivot Point S2161.36
Daily Pivot Point S3157.4
Daily Pivot Point R1173.9
Daily Pivot Point R2177.86
Daily Pivot Point R3182.15

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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