Ethereum Price Analysis: ETH/USD bulls eke out an advantage in the early hours of Tuesday

ETH/USD broke above the SMA 20 this Monday.
The Elliott Oscillator has had a green session following five straight red sessions.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD bulls have remained in control for the second straight day as the price went up from $204.07 to $204.45. This Monday, the price jumped up from $199.65 and crossed above the SMA 20. The Elliott Oscillator has had a green session following five straight red sessions, while the MACD indicates sustained bearish momentum.

The bulls will now need to overcome resistance at $215 and $223.25. On the downside, healthy support lies at $199.30 and $187.75.

Key levels

ETH/USD

Overview
Today last price	204.31
Today Daily Change	0.24
Today Daily Change %	0.12
Today daily open	204.07

Trends
Daily SMA20	202.89
Daily SMA50	190.93
Daily SMA100	187.67
Daily SMA200	175.98

Levels
Previous Daily High	205.63
Previous Daily Low	198.06
Previous Weekly High	216.98
Previous Weekly Low	191.49
Previous Monthly High	227.37
Previous Monthly Low	128.95
Daily Fibonacci 38.2%	202.74
Daily Fibonacci 61.8%	200.95
Daily Pivot Point S1	199.54
Daily Pivot Point S2	195.02
Daily Pivot Point S3	191.97
Daily Pivot Point R1	207.11
Daily Pivot Point R2	210.16
Daily Pivot Point R3	214.68

Author

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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Ethereum Price Analysis: ETH/USD bulls eke out an advantage in the early hours of Tuesday