Ethereum Price Analysis: ETH/USD move above $200 could be explosive

Ethereum price is trading in the red by 0.35% in the session on Tuesday.
ETH/USD is consolidating just underneath the big $200 price mark.
Should the bulls push above the noted level, it will likely restore buyer confidence.

Ken Chigbo Independent Analyst

ETH/USD daily chart

Upon a move back above $200, there will be room for a fast return back up to $250, the next major upside barrier.

ETH/USD 60-minute chart

Price action is swinging within a tight range, $190 to the downside, $199 to the upside.

Spot rate: 191.06

Relative change: -0.35%

High: 197.83

Low: 192.44

BCH/USD

Overview
Today last price	240.9817
Today Daily Change	-2.0020
Today Daily Change %	-0.82
Today daily open	242.9837

Trends
Daily SMA20	236.0572
Daily SMA50	225.507
Daily SMA100	301.8851
Daily SMA200	269.3136

Levels
Previous Daily High	248.0848
Previous Daily Low	234.3487
Previous Weekly High	247.2922
Previous Weekly Low	215.7607
Previous Monthly High	353.0056
Previous Monthly Low	135.8533
Daily Fibonacci 38.2%	239.5959
Daily Fibonacci 61.8%	242.8376
Daily Pivot Point S1	235.5267
Daily Pivot Point S2	228.0697
Daily Pivot Point S3	221.7907
Daily Pivot Point R1	249.2627
Daily Pivot Point R2	255.5417
Daily Pivot Point R3	262.9987

Author

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.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.