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.

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


Today last price 169.45
Today Daily Change -0.48
Today Daily Change % -0.28
Today daily open 169.93
Daily SMA20 142.24
Daily SMA50 176.61
Daily SMA100 181.38
Daily SMA200 173.36
Previous Daily High 173.57
Previous Daily Low 165.32
Previous Weekly High 150.33
Previous Weekly Low 123.94
Previous Monthly High 252.76
Previous Monthly Low 89.65
Daily Fibonacci 38.2% 168.47
Daily Fibonacci 61.8% 170.42
Daily Pivot Point S1 165.65
Daily Pivot Point S2 161.36
Daily Pivot Point S3 157.4
Daily Pivot Point R1 173.9
Daily Pivot Point R2 177.86
Daily Pivot Point R3 182.15



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

ETH eyes $3,000 as network activity explodes and scarcity grows

Ethereum has finally hit a clear new all-time high across all exchanges, and it’s currently under a healthy consolidation period. Over the past week, Ethereum’s dominance over the market increased from 13% to 17%, while Bitcoin lost close to five percentage points. 

More Ethereum News

Ripple is South Korea’s most popular cryptocurrency, but price stays pressured

XRP/USD bounces off intraday low of 0.2647, stays below 21-day SMA for fifth day. As per the latest report from Messari, Bitcoin and Ripple are the most popular cryptocurrencies in South Korea. The research relies on the data from Bithumb, Corbit and Coinone for the fiscal year 2019.

More Ripple News

XLM Price Forecast: Stellar primed for a 10% short-term upswing amid massive network expansion

Stellar had tremendous success in 2021, reaching a high of $0.411 after a massive 230% price explosion. The digital asset has outperformed several other coins, including Bitcoin, and could be poised to rise even higher amid positive metrics shown by the Stellar Development Foundation (SDF).

More XLM News

BTC rally back to $40,000 in jeopardy as Grayscale’s demand diminishes

Bitcoin is trading slightly above $33,000 after plunging from January’s peak near $42,000. Investors, speculators, and analysts believe that the pioneer cryptocurrency can hit price levels beyond $40,000. 

More Bitcoin News


Bitcoin Weekly Forecast: BTC is on track to $100,000 despite the recent correction

After hitting a new all-time high of $41,950, Bitcoin had a major 31% correction down to $28,850. For the most part, this pullback is considered healthy as past price action indicates it’s normal for the flagship cryptocurrency to experience 30-40% corrections during a bull rally.

Read the weekly forecast