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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.
Ethereum Price Analysis: ETH/USD drops below the upward trending line
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

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 price202.03
Today Daily Change1.02
Today Daily Change %0.51
Today daily open201.01
 
Trends
Daily SMA20202.98
Daily SMA50191.52
Daily SMA100187.09
Daily SMA200176.05
 
Levels
Previous Daily High204.95
Previous Daily Low196.65
Previous Weekly High216.98
Previous Weekly Low191.49
Previous Monthly High227.37
Previous Monthly Low128.95
Daily Fibonacci 38.2%199.82
Daily Fibonacci 61.8%201.78
Daily Pivot Point S1196.79
Daily Pivot Point S2192.57
Daily Pivot Point S3188.49
Daily Pivot Point R1205.09
Daily Pivot Point R2209.17
Daily Pivot Point R3213.39


 

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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