Ethereum Price Analysis: ETH/USD bulls are back in control

Ethereum price is trading in the green by 1.35% in the session on Friday.
ETH/USD bulls pressing to break through the heavy supply range, $175-190.
The price is running towards four consecutive sessions in the green.

Ken Chigbo Independent Analyst

ETH/USD daily chart

Bulls are now eyeing a big retest of the psychological $200 price mark, a break here would likely restore buyer confidence.

ETH/USD 60-minute chart

A bullish pennant structure was viewable via the 60-minute chart view.

Spot rate: 187.56

Relative change: +1.35%

High: 189.96

Low: 178.55

ETH/USD

Overview
Today last price	187.53
Today Daily Change	1.82
Today Daily Change %	0.98
Today daily open	185.71

Trends
Daily SMA20	166.63
Daily SMA50	156.56
Daily SMA100	185.34
Daily SMA200	172.27

Levels
Previous Daily High	194.46
Previous Daily Low	178.56
Previous Weekly High	175.11
Previous Weekly Low	148.3
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	188.39
Daily Fibonacci 61.8%	184.63
Daily Pivot Point S1	178.02
Daily Pivot Point S2	170.34
Daily Pivot Point S3	162.12
Daily Pivot Point R1	193.93
Daily Pivot Point R2	202.15
Daily Pivot Point R3	209.83

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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Ethereum Price Analysis: ETH/USD bulls are back in control