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Ethereum Price Analysis: ETH/USD has a big bull opportunity if $185-190 is broken down

  • Ethereum price is trading in the red by 0.55% in the session on Monday. 
  • ETH/USD moving within consolidation mode, with market commitment nearing.
  • Heavy supply should be noted at the range of $180-190, capping upside. 
Ethereum Price Analysis: ETH/USD has a big bull opportunity if $185-190 is broken down
Ken ChigboKen ChigboIndependent Analyst

ETH/USD weekly chart

The market bulls are enjoying a three consecutive week run to the upside. However, weekly resistance remains tough at $190. 

ETH/USD daily chart

Price action has been somewhat narrowing over the last two sessions, after a strong bull flag breakout. 

Spot rate:                      153.38

Relative change:          -0.55%

High:                             186.67

Low:                              173.35

ETH/USD

Overview
Today last price179.82
Today Daily Change-0.56
Today Daily Change %-0.31
Today daily open180.38
 
Trends
Daily SMA20158.73
Daily SMA50160.32
Daily SMA100184.22
Daily SMA200172.26
 
Levels
Previous Daily High188.8
Previous Daily Low176.55
Previous Weekly High175.11
Previous Weekly Low148.3
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%181.23
Daily Fibonacci 61.8%184.12
Daily Pivot Point S1175.02
Daily Pivot Point S2169.66
Daily Pivot Point S3162.77
Daily Pivot Point R1187.27
Daily Pivot Point R2194.16
Daily Pivot Point R3199.52

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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