Ethereum Price Analysis: ETH/USD must break above $200 to escape the bear market

  • Ethereum price is trading in the green by 6.35% in the session on Wednesday. 
  • ETH/USD remains stuck within the confinements of a bearish flag structure. 
  • Price action has been consolidating since 13 March, after the falling. 


ETH/USD daily chart

Supply remains heavy from the range of $175 up to $190, ahead of the $200 retest. 

ETH/USD 60-minute chart

Price action smashed out to the upside from a bullish pennant structure, inviting a fresh wave of buying pressure, hourly supply zone seen just ahead.


Spot rate:                      153.38

Relative change:          +6.35%

High:                             183.39

Low:                              170.06


Today last price 182.27
Today Daily Change 11.29
Today Daily Change % 6.60
Today daily open 170.98
Daily SMA20 162.34
Daily SMA50 158.15
Daily SMA100 184.74
Daily SMA200 172.19
Previous Daily High 174.84
Previous Daily Low 168.42
Previous Weekly High 175.11
Previous Weekly Low 148.3
Previous Monthly High 252.76
Previous Monthly Low 89.65
Daily Fibonacci 38.2% 172.39
Daily Fibonacci 61.8% 170.87
Daily Pivot Point S1 167.98
Daily Pivot Point S2 164.98
Daily Pivot Point S3 161.55
Daily Pivot Point R1 174.41
Daily Pivot Point R2 177.84
Daily Pivot Point R3 180.84



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