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



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