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Ethereum Price Analysis: ETH/USD looks to the heavens

  • Ethereum is trading like a rocket on Wednesday up around 10.88%.
  • The price will be heading to some key resistance levels outlined on the chart.
Ethereum Price Analysis: ETH/USD looks to the heavens
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETH/USD Daily Chart

Ethereum is steaming ahead today as crypto sentiment skyrockets again.

The ETH/USD pair is trading over 10% higher and could now hit some important resistance zones.

272.00 has provided some support in the past and therefore could act like a resistance area this time out.

Beyond that closer to 360.00 is the next target and if this momentum keeps up it might just get there.

The interesting thing is the fact that the volume is backing this move as you can see from the volume indicator at the bottom.

When the market pushes we normally hope that the volume rises too for confirmation and this is definitely the case.

Ethereum price chart

Additional Levels

ETH/USD

Overview
Today last price262.53
Today Daily Change24.80
Today Daily Change %10.43
Today daily open237.73
 
Trends
Daily SMA20191.93
Daily SMA50163.61
Daily SMA100160.92
Daily SMA200175.69
 
Levels
Previous Daily High239.55
Previous Daily Low217.93
Previous Weekly High224.35
Previous Weekly Low179.06
Previous Monthly High186.73
Previous Monthly Low125.81
Daily Fibonacci 38.2%231.29
Daily Fibonacci 61.8%226.19
Daily Pivot Point S1223.92
Daily Pivot Point S2210.11
Daily Pivot Point S3202.3
Daily Pivot Point R1245.55
Daily Pivot Point R2253.36
Daily Pivot Point R3267.17

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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