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.

Rajarshi Mitra Independent Analyst

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 price	160.35
Today Daily Change	3.58
Today Daily Change %	2.28
Today daily open	156.77

Trends
Daily SMA20	147.31
Daily SMA50	168.03
Daily SMA100	182.44
Daily SMA200	172.29

Levels
Previous Daily High	159.3
Previous Daily Low	149.86
Previous Weekly High	176.48
Previous Weekly Low	140.8
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	153.47
Daily Fibonacci 61.8%	155.69
Daily Pivot Point S1	151.33
Daily Pivot Point S2	145.88
Daily Pivot Point S3	141.89
Daily Pivot Point R1	160.76
Daily Pivot Point R2	164.74
Daily Pivot Point R3	170.19

Author

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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ETH/USD daily chart

Key levels

ETH/USD

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