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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.

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