Ethereum Price Analysis: ETH pushes to higher levels after breaking 150.0

Ethereum trades 15.5% higher as crypto sentiment surges on Monday.
The price looks to be heading toward higher levels after 150.0 was broken earlier in the session.

ETH/USD 4-hour chart

Ethererum has moved in a classic Elliott Pattern in the first part of the move marked in black. Now it is time for the price to accelerate higher as this move could be the potential wave 3 which is normally the longest. The price has seen a wave 3 wave earlier but sometimes these waves can be subdivided into waves between waves as Elliott Wave principle is fractal.

What this means is that sometimes the initial waves could just be part of a bigger picture and if the 161.% extension or the 261.8% is hit this will most certainly be the case. The great news is that there seems to be lots of volume behind this move higher so it has been backed by the market.

Elsewhere the indicators are bullish too, the RSI has pushed into bullish territory and the price has pushed through the moving averages. The only concern could be a short term correction before a longer-term continuation.

Additional levels

ETH/USD

Overview
Today last price	165.42
Today Daily Change	22.53
Today Daily Change %	15.77
Today daily open	142.89

Trends
Daily SMA20	133.51
Daily SMA50	184.4
Daily SMA100	179.81
Daily SMA200	174.15

Levels
Previous Daily High	145.97
Previous Daily Low	140.8
Previous Weekly High	150.33
Previous Weekly Low	123.94
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	142.77
Daily Fibonacci 61.8%	143.99
Daily Pivot Point S1	140.47
Daily Pivot Point S2	138.05
Daily Pivot Point S3	135.3
Daily Pivot Point R1	145.64
Daily Pivot Point R2	148.39
Daily Pivot Point R3	150.81

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