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Ethereum Price Analysis: ETH/USD runs out of steam near the SMA 20 as bears take over

  • ETH/USD consolidates in a triangle formation as it settles above the red Ichimoku cloud.
  • The Elliott Oscillator has had a green session following 11 straight red sessions.
Ethereum Price Analysis: ETH/USD runs out of steam near the SMA 20 as bears take over
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD daily chart

ETH/USD daily chart

ETH/USD fell from $203.30 to $196.45 as bulls ran out of steam at the SMA 20 curve. The price is consolidating in a triangle formation and above the red Ichimoku cloud. The Elliott Oscillator has had a green session following 11 straight red sessions. On the upside, the buyers will need to over strong resistance at $202.30 and $213. On the downside, healthy support levels lie at $186.55 and $174.

Key levels

ETH/USD

Overview
Today last price195.65
Today Daily Change-7.66
Today Daily Change %-3.77
Today daily open203.31
 
Trends
Daily SMA20202.8
Daily SMA50175.74
Daily SMA100191.47
Daily SMA200174.88
 
Levels
Previous Daily High206.17
Previous Daily Low195.75
Previous Weekly High219.33
Previous Weekly Low195.17
Previous Monthly High227.37
Previous Monthly Low128.95
Daily Fibonacci 38.2%202.19
Daily Fibonacci 61.8%199.73
Daily Pivot Point S1197.32
Daily Pivot Point S2191.32
Daily Pivot Point S3186.89
Daily Pivot Point R1207.74
Daily Pivot Point R2212.17
Daily Pivot Point R3218.16


 

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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