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Ethereum Price Analysis: ETH/USD bears remained in control as the price consolidates below the $215 level

  • ETH/USD bears remained in control of the market for the second straight day.
  • William’s %R is trending around -5.55 in the overbought zone, so more bearish correction may be expected.
  • The MACD shows that the market momentum has reversed from bearish to bullish.
Ethereum Price Analysis: ETH/USD bears remained in control as the price consolidates below the $215 level
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD bears remained in control for the second straight day as the price fell from $214.66 to $213.46. Despite the adverse price action, the MACD shows that the market momentum has reversed from bearish to bullish. William’s %R is trending around -5.55 in the overbought zone, so more downward price correction may be expected.

The price faces two strong resistance levels on the upside at $223 and $232.63. On the downside, healthy support lies at  $207.15, SMA 20 and $197.

Key levels

ETH/USD

Overview
Today last price213.6
Today Daily Change-1.06
Today Daily Change %-0.49
Today daily open214.66
 
Trends
Daily SMA20204.32
Daily SMA50183.2
Daily SMA100190.87
Daily SMA200175.42
 
Levels
Previous Daily High215.83
Previous Daily Low209.23
Previous Weekly High210.04
Previous Weekly Low176.19
Previous Monthly High227.37
Previous Monthly Low128.95
Daily Fibonacci 38.2%211.75
Daily Fibonacci 61.8%213.31
Daily Pivot Point S1210.65
Daily Pivot Point S2206.64
Daily Pivot Point S3204.05
Daily Pivot Point R1217.26
Daily Pivot Point R2219.85
Daily Pivot Point R3223.86


 

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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