Ethereum Price Analysis: ETH/USD oscillates in the lower half of the Bollinger Band over the last seven days

ETH/USD bulls attempt a comeback following three straight bearish days.
The Elliott Oscillator has had ten consecutive red sessions, indicating overall bearish dominance.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD went up from $228.71 to $229.65 in the early hours of Saturday. The price has been oscillating in the lower half of the 20-day Bollinger Band. Speaking of which, the 20-day Bollinger jaw has started widening, which shows that the price volatility is increasing considerably. The Elliott Oscillator has had ten straight red sessions, which shows overall bearish dominance. Finally, William’s %R is trending around -68.42 next to the oversold zone.

Support and Resistance

ETH/USD bulls must conquer three strong resistance levels at $237.58, SMA 20 and $248.95 to continue the upward movement. On the downside, there’s healthy support at $220.25, SMA 50 and $213.75.

Key levels

ETH/USD

Overview
Today last price	229.4
Today Daily Change	0.68
Today Daily Change %	0.30
Today daily open	228.72

Trends
Daily SMA20	238.45
Daily SMA50	219.39
Daily SMA100	186.82
Daily SMA200	184.17

Levels
Previous Daily High	231.88
Previous Daily Low	226.52
Previous Weekly High	238.59
Previous Weekly Low	218.14
Previous Monthly High	247.15
Previous Monthly Low	176.19
Daily Fibonacci 38.2%	228.57
Daily Fibonacci 61.8%	229.83
Daily Pivot Point S1	226.19
Daily Pivot Point S2	223.67
Daily Pivot Point S3	220.83
Daily Pivot Point R1	231.56
Daily Pivot Point R2	234.4
Daily Pivot Point R3	236.93

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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Ethereum Price Analysis: ETH/USD oscillates in the lower half of the Bollinger Band over the last seven days