Ethereum Price Analysis: ETH/USD heading for the big psychological $200 price mark

  • Ethereum price is trading in the red by 6.30% in the session on Wednesday. 
  • ETH/USD is exposed to a free-fall down to the psychological $200.
  • The bears have broken down a critical area of support, which was noted at $250-40 price range.

ETH/USD daily chart

The price is now running at three consecutive heavy sessions of losses in the red. 

ETH/USD 60-minute chart

Markets bears have capitalized on a bearish pennant structure, inviting a fresh wave of selling pressure. 


Spot rate:                     259.20

Relative change:          -6.30%

High:                             250.24

Low:                              234.54


Today last price 231.07
Today Daily Change -15.73
Today Daily Change % -6.37
Today daily open 246.8
Daily SMA20 253.82
Daily SMA50 201.51
Daily SMA100 172.19
Daily SMA200 179.14
Previous Daily High 266.2
Previous Daily Low 244.75
Previous Weekly High 287.04
Previous Weekly Low 237.24
Previous Monthly High 186.73
Previous Monthly Low 125.81
Daily Fibonacci 38.2% 252.95
Daily Fibonacci 61.8% 258.01
Daily Pivot Point S1 238.97
Daily Pivot Point S2 231.14
Daily Pivot Point S3 217.52
Daily Pivot Point R1 260.42
Daily Pivot Point R2 274.03
Daily Pivot Point R3 281.86



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