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Ethereum Price Analysis: ETH/USD bears take control after encountering resistance at the SMA 200

  • ETH/USD went down from $173.45 to $169.91 this Thursday.
  • The Elliott Oscillator has had 25 straight green sessions and gone up from -98.56 to 25.25.
Ethereum Price Analysis: ETH/USD bears take control after encountering resistance at the SMA 200
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD had a second straight bearish day after encountering resistance at the SMA 200 curve. The asset has dropped from $169.91 to $169.50 so far this Friday. If they maintain their current course, the SMA 200 will soon cross above the SMA 50 to chart the heavily bearish death cross pattern. The MACD indicates decreasing bullish momentum, while the Elliott Oscillator has had 25 consecutive green sessions, having gone up from -98.56 to 25.25.

Key levels

ETH/USD

Overview
Today last price169.45
Today Daily Change-0.48
Today Daily Change %-0.28
Today daily open169.93
 
Trends
Daily SMA20142.24
Daily SMA50176.61
Daily SMA100181.38
Daily SMA200173.36
 
Levels
Previous Daily High173.57
Previous Daily Low165.32
Previous Weekly High150.33
Previous Weekly Low123.94
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%168.47
Daily Fibonacci 61.8%170.42
Daily Pivot Point S1165.65
Daily Pivot Point S2161.36
Daily Pivot Point S3157.4
Daily Pivot Point R1173.9
Daily Pivot Point R2177.86
Daily Pivot Point R3182.15


 

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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