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.

Flavio Tosti Independent 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 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

Author

Flavio Tosti

Independent Analyst

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