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Ethereum Price Analysis: ETH/USD $160 daily support in trouble

  • Ethereum price is trading in the red by -2.90% in the session on Thursday. 
  • The last nine-day price range $175 down to a low of $160 is at risk of a breach. 
  • Last week’s rally is at risk of being completely reversed by the bears. 
Ethereum Price Analysis: ETH/USD $160 daily support in trouble
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

The next major support to the downside should the $160 mark be breached, is seen down at $150. 

ETH/USD 60-minute chart

Bears are back in control as price breaks out of bearish flag structure via the 60-minute. 

Spot rate:                     162.80     

Relative change:          -2.95%

High:                             167.74

Low:                              160.67

ETH/USD

Overview
Today last price161.71
Today Daily Change-5.99
Today Daily Change %-3.57
Today daily open167.7
 
Trends
Daily SMA20152.85
Daily SMA50142.6
Daily SMA100158.1
Daily SMA200182.36
 
Levels
Previous Daily High171.01
Previous Daily Low165.66
Previous Weekly High174.22
Previous Weekly Low141.78
Previous Monthly High153.16
Previous Monthly Low116.41
Daily Fibonacci 38.2%167.7
Daily Fibonacci 61.8%168.96
Daily Pivot Point S1165.24
Daily Pivot Point S2162.77
Daily Pivot Point S3159.88
Daily Pivot Point R1170.59
Daily Pivot Point R2173.48
Daily Pivot Point R3175.94

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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