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Ethereum Price Analysis: ETH/USD continues price consolidation below $160

  • ETH/USD fell from $158.80 to $156.80 this Monday.
  • The bulls must overcome resistance at the SMA 50 and SMA 200 to reverse bearish sentiment.
Ethereum Price Analysis: ETH/USD continues price consolidation below $160
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

Following a bearish Monday, the bulls have started staging a comeback in the early hours of Tuesday, taking the price up from $156.80 to $157.80. The price continues to consolidate in a flag formation below the $160-level. The bulls need to overcome resistance at the SMA 50 and SMA 200 to reverse bearish market sentiment. The MACD indicates decreasing bullish momentum, while the RSI is trending horizontally around the neutral zone.

Key levels

ETH/USD

Overview
Today last price156.77
Today Daily Change0.00
Today Daily Change %0.00
Today daily open156.77
 
Trends
Daily SMA20147.31
Daily SMA50168.03
Daily SMA100182.44
Daily SMA200172.29
 
Levels
Previous Daily High159.3
Previous Daily Low149.86
Previous Weekly High176.48
Previous Weekly Low140.8
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%153.47
Daily Fibonacci 61.8%155.69
Daily Pivot Point S1151.33
Daily Pivot Point S2145.88
Daily Pivot Point S3141.89
Daily Pivot Point R1160.76
Daily Pivot Point R2164.74
Daily Pivot Point R3170.19

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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