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.

Rajarshi Mitra Independent Analyst

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 price	195.65
Today Daily Change	-7.66
Today Daily Change %	-3.77
Today daily open	203.31

Trends
Daily SMA20	202.8
Daily SMA50	175.74
Daily SMA100	191.47
Daily SMA200	174.88

Levels
Previous Daily High	206.17
Previous Daily Low	195.75
Previous Weekly High	219.33
Previous Weekly Low	195.17
Previous Monthly High	227.37
Previous Monthly Low	128.95
Daily Fibonacci 38.2%	202.19
Daily Fibonacci 61.8%	199.73
Daily Pivot Point S1	197.32
Daily Pivot Point S2	191.32
Daily Pivot Point S3	186.89
Daily Pivot Point R1	207.74
Daily Pivot Point R2	212.17
Daily Pivot Point R3	218.16

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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ETH/USD daily chart

Key levels

ETH/USD

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