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Ethereum Market Forecast: ETH/USD bulls aim to conquer $245 psychological level

  • ETH/USD went up by 6.67% this Monday following bullish price action.
  • The Elliott Oscillator has had a green session following 11 straight red sessions.
  • William’s %R is on the verge of entering the overbought zone.
Ethereum Market Forecast: ETH/USD bulls aim to conquer $245 psychological level
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD went up from $227.80 to $243 this Monday, as the bulls aim to conquer the $245 psychological level. The Elliott Oscillator has had a green session following 11 straight red sessions. After experiencing a significant jump following Monday's bullish price action, William’s %R is on the verge of entering the overbought zone.

Support and Resistance

ETH/USD faces strong resistance at $248.50. On the downside, healthy support levels lie at SMA 20, $237.50, $231.45 and SMA 50.

Key levels

ETH/USD

Overview
Today last price243.08
Today Daily Change15.28
Today Daily Change %6.71
Today daily open227.8
 
Trends
Daily SMA20237.28
Daily SMA50220
Daily SMA100188.94
Daily SMA200184.97
 
Levels
Previous Daily High231.26
Previous Daily Low227.04
Previous Weekly High238.59
Previous Weekly Low218.14
Previous Monthly High247.15
Previous Monthly Low176.19
Daily Fibonacci 38.2%228.65
Daily Fibonacci 61.8%229.65
Daily Pivot Point S1226.14
Daily Pivot Point S2224.48
Daily Pivot Point S3221.92
Daily Pivot Point R1230.36
Daily Pivot Point R2232.93
Daily Pivot Point R3234.59


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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