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Ethereum Price Analysis: ETH/USD bulls remain in control, aim for the elusive $215 resistance level

  • William’s %R has jumped and is trending near the overbought zone. This shows that bearish correction could be expected.
  • The price re-entered the $200-zone this Friday.
Ethereum Price Analysis: ETH/USD bulls remain in control, aim for the elusive $215 resistance level
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

The bulls retained control of the market as ETH/USD went up from $207.30 to $207.50 this Saturday. The bulls remained in power from this Friday, wherein the price spiked from $198.55 to $207.20, crossing above the $200 key psychological level and the SMA 20, in the process. 

William’s %R has jumped and is trending near the overbought zone. This shows that bearish correction could be expected. The bulls must overcome strong resistance levels at $215 and $223.60. The former has previously thwarted the market and prevented bullish momentum in multiple instances, as per the chart above. On the downside, healthy support levels lie at  SMA 20, $199.20, SMA 50, $186.15 and SMA 200

Key levels

ETH/USD

Overview
Today last price207.33
Today Daily Change0.00
Today Daily Change %0.00
Today daily open207.33
 
Trends
Daily SMA20203.49
Daily SMA50187.3
Daily SMA100189.75
Daily SMA200175.76
 
Levels
Previous Daily High209.29
Previous Daily Low196.23
Previous Weekly High216.98
Previous Weekly Low191.49
Previous Monthly High227.37
Previous Monthly Low128.95
Daily Fibonacci 38.2%204.3
Daily Fibonacci 61.8%201.22
Daily Pivot Point S1199.28
Daily Pivot Point S2191.22
Daily Pivot Point S3186.22
Daily Pivot Point R1212.33
Daily Pivot Point R2217.34
Daily Pivot Point R3225.39


 

Author

Rajarshi Mitra

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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