Ethereum Price Analysis: ETH/USD bulls have room to drive price back into $200 territory

  • Ethereum price is trading in the red by -0.80% in the session on Wednesday. 
  • The bulls pressed for a big double-digit rally on Tuesday, breaking out of a bearish trend structure. 
  • In terms of upside targets, the door has been left open for a return into $200.


ETH/USD weekly chart

The current weekly candle is on course for its best performance since the week commencing 20 September. Bulls are running towards the fourth consecutive in the green. 

ETH/USD daily chart

Price action since June 2019 had been stuck within the market structure of producing lower highs and lower lows. However, the bulls in the session of Tuesday broke above the prior lower high, effectively voiding the structure. 


Spot rate:                      164.33

Relative change:          -0.85%

High:                            171.67

Low:                             143.50


Today last price 164.38
Today Daily Change -1.34
Today Daily Change % -0.81
Today daily open 165.72
Daily SMA20 137.24
Daily SMA50 139.84
Daily SMA100 159.21
Daily SMA200 187.87
Previous Daily High 170.43
Previous Daily Low 143.51
Previous Weekly High 147.96
Previous Weekly Low 134.2
Previous Monthly High 153.16
Previous Monthly Low 116.41
Daily Fibonacci 38.2% 160.14
Daily Fibonacci 61.8% 153.79
Daily Pivot Point S1 149.34
Daily Pivot Point S2 132.96
Daily Pivot Point S3 122.42
Daily Pivot Point R1 176.26
Daily Pivot Point R2 186.8
Daily Pivot Point R3 203.18



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