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Ethereum Price Analysis: ETH/USD bulls eyeing $200 return

  • Ethereum price is trading in the red by -0.35% in the session on Tuesday. 
  • ETH/USD has smashed above resistance that had been capping upside from $145-150. 
  • The next major barrier for the bulls to break down is eyed at $200. 
Ethereum Price Analysis: ETH/USD bulls eyeing $200 return
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

The bulls were able to produce their biggest daily gain in over three weeks. 

ETH/USD 60-minute chart

The price has made a breakout from a bullish flag structure, inviting greater near-term momentum. 

Spot rate:                      171.10

Relative change:          -0.35%

High:                             176.48

Low:                              167.60

ETH/USD

Overview
Today last price170.84
Today Daily Change-0.67
Today Daily Change %-0.39
Today daily open171.51
 
Trends
Daily SMA20136.28
Daily SMA50182.65
Daily SMA100180.25
Daily SMA200174.01
 
Levels
Previous Daily High172.16
Previous Daily Low142.89
Previous Weekly High150.33
Previous Weekly Low123.94
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%160.98
Daily Fibonacci 61.8%154.07
Daily Pivot Point S1152.21
Daily Pivot Point S2132.92
Daily Pivot Point S3122.94
Daily Pivot Point R1181.48
Daily Pivot Point R2191.45
Daily Pivot Point R3210.75

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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Ethereum Price Analysis: ETH/USD bulls eyeing $200 return