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Ethereum Price Analysis: ETH/USD price action remains sluggish as bulls and bears cancel each other out

  • ETH/USD bulls took control following two bearish days and broke above the SMA 200.
  • The Elliott Oscillator had a red session following five straight green sessions.
Ethereum Price Analysis: ETH/USD price action remains sluggish as bulls and bears cancel each other out
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD went up from $170.50 to $172.75 as the price managed to break above the SMA 200 curve. The price is still hovering above the SMA 20 and SMA 50 curves. The MACD shows decreasing bullish momentum, while the Elliott Oscillator had a red session following five straight green sessions. The hourly breakdown shows us that the price managed to pick up to $174.06 within the first six hours and then dropped to $169.55 in the next six, before settling itself around $172.75.

Key levels

ETH/USD

Overview
Today last price173.05
Today Daily Change2.52
Today Daily Change %1.48
Today daily open170.53
 
Trends
Daily SMA20160.6
Daily SMA50159.38
Daily SMA100184.5
Daily SMA200172.24
 
Levels
Previous Daily High186.67
Previous Daily Low166.66
Previous Weekly High175.11
Previous Weekly Low148.3
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%174.31
Daily Fibonacci 61.8%179.03
Daily Pivot Point S1162.57
Daily Pivot Point S2154.61
Daily Pivot Point S3142.56
Daily Pivot Point R1182.58
Daily Pivot Point R2194.64
Daily Pivot Point R3202.6


 

Author

Rajarshi Mitra

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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