TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

Ethereum Price Analysis: ETH/USD creeps back above $160

  • ETH/USD found support at the upward trending line.
  • The Elliott Oscillator has had three red sessions out of the last four.
Ethereum Price Analysis: ETH/USD creeps back above $160
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD bounced off the support at the upward trending line and went up from $156.77 to $160.05 this Tuesday. The bulls will want to end the day strong and aim to break past the $166.45 resistance line. By doing so, the price will trend above the SMA 50 as well. The second resistance lies at $174. If the bulls somehow garner enough momentum to do so, ETH/USD will break above the SMA 200. The MACD indicates decreasing bullish momentum, while the Elliott Oscillator has had three red sessions out of the last four.

Key levels

ETH/USD

Overview
Today last price160.35
Today Daily Change3.58
Today Daily Change %2.28
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.

More from Rajarshi Mitra
Share:

Editor's Picks

Ripple eyes short-term bullish turn as investor demand returns

Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.