Ethereum Price Analysis: ETH/USD drops below the upward trending line

ETH/USD has currently found resistance at the SMA 20 curve.
The RSI continues to trend horizontally in the neutral zone.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD had a bullish start to Wednesday as the price went up slightly from $201 to $201.55. This followed a bearish Tuesday, wherein the price fell below the upward trending line. The MACD shows sustained bearish momentum, while the RSI has been moving horizontally in the neutral zone.

The price faces stiff resistance at the SMA 20, $207.45 and $216. On the downside, healthy support levels lie at $194.25, SMA 50 and $187.50.

Key levels

ETH/USD

Overview
Today last price	202.03
Today Daily Change	1.02
Today Daily Change %	0.51
Today daily open	201.01

Trends
Daily SMA20	202.98
Daily SMA50	191.52
Daily SMA100	187.09
Daily SMA200	176.05

Levels
Previous Daily High	204.95
Previous Daily Low	196.65
Previous Weekly High	216.98
Previous Weekly Low	191.49
Previous Monthly High	227.37
Previous Monthly Low	128.95
Daily Fibonacci 38.2%	199.82
Daily Fibonacci 61.8%	201.78
Daily Pivot Point S1	196.79
Daily Pivot Point S2	192.57
Daily Pivot Point S3	188.49
Daily Pivot Point R1	205.09
Daily Pivot Point R2	209.17
Daily Pivot Point R3	213.39

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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Ethereum Price Analysis: ETH/USD drops below the upward trending line