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Ethereum Price Analysis: ETH/USD sits on top of the upward trending line

ETH/USD bulls took back control, following a bearish Wednesday.
The RSI is trending along horizontally at 64.58, next to the overbought zone.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD regained control after a bearish Thursday as the price went up from $243.25 to $245. The price bounced up from the support provided by the upward trending line. The MACD shows sustained bullish momentum. The RSI is trending along horizontally at 64.58, next to the overbought zone, indicating that while the bulls may have eked out an advantage, they are not in complete control.

Support and Resistance

ETH/USD bulls face stiff resistance at $248. On the downside, the price has healthy support at $238, $231.86 and SMA 20

Key levels

ETH/USD

Overview
Today last price	244.53
Today Daily Change	1.23
Today Daily Change %	0.51
Today daily open	243.3

Trends
Daily SMA20	218.14
Daily SMA50	204.47
Daily SMA100	184.24
Daily SMA200	178.22

Levels
Previous Daily High	246.54
Previous Daily Low	236.15
Previous Weekly High	224.81
Previous Weekly Low	196.65
Previous Monthly High	247.15
Previous Monthly Low	176.19
Daily Fibonacci 38.2%	240.12
Daily Fibonacci 61.8%	242.57
Daily Pivot Point S1	237.45
Daily Pivot Point S2	231.6
Daily Pivot Point S3	227.06
Daily Pivot Point R1	247.85
Daily Pivot Point R2	252.39
Daily Pivot Point R3	258.24

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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