Ethereum Price Analysis: ETH/USD bulls in reaching distance of a big $200 return

Ethereum price is trading in the green by 2.35% in the session on Monday.
ETH/USD bulls have been pushing higher for five consecutive sessions.
A return into the $200 price mark, would very likely restore much buyer faith.

Ken Chigbo Independent Analyst

ETH/USD weekly chart

The price is currently running at five consecutive sessions in the green, on a good path to recovering the drop seen in March.

ETH/USD daily chart

The price is on a strong daily run to the north, but bulls must now break $200 to the upside, likely providing a greater wave of upside momentum.

Spot rate: 153.38

Relative change: -3.35%

High: 199.26

Low: 193.76

ETH/USD

Overview
Today last price	194.83
Today Daily Change	-2.91
Today Daily Change %	-1.47
Today daily open	197.74

Trends
Daily SMA20	172.68
Daily SMA50	153.92
Daily SMA100	186.14
Daily SMA200	172.53

Levels
Previous Daily High	199.9
Previous Daily Low	192.55
Previous Weekly High	194.46
Previous Weekly Low	166.66
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	197.1
Daily Fibonacci 61.8%	195.36
Daily Pivot Point S1	193.56
Daily Pivot Point S2	189.38
Daily Pivot Point S3	186.21
Daily Pivot Point R1	200.92
Daily Pivot Point R2	204.09
Daily Pivot Point R3	208.27

Author

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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ETH/USD weekly chart

ETH/USD daily chart

ETH/USD

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