Ethereum Price Analysis: ETH/USD testing critical $150 support

Ethereum price is trading in the red by 3.35% in the session on Monday.
ETH/USD is back under pressure by the bears, with the critical $150 at risk of a breach.
The next major area of interest to the upside for the bulls will be eyed at $200.

Ken Chigbo Independent Analyst

ETH/USD weekly chart

Price action has formed a potential bearish flag via the weekly chart view, at risk of a breakout to the downside.

ETH/USD daily chart

Daily support should be noted at $150, failure to hold could be punishing for the price.

Spot rate: 153.38

Relative change: -3.35%

High: 158.81

Low: 149.86

ETH/USD

Overview
Today last price	153.12
Today Daily Change	-5.62
Today Daily Change %	-3.54
Today daily open	158.74

Trends
Daily SMA20	146.42
Daily SMA50	170.41
Daily SMA100	182.22
Daily SMA200	172.51

Levels
Previous Daily High	165.44
Previous Daily Low	155.41
Previous Weekly High	176.48
Previous Weekly Low	140.8
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	161.61
Daily Fibonacci 61.8%	159.24
Daily Pivot Point S1	154.29
Daily Pivot Point S2	149.84
Daily Pivot Point S3	144.26
Daily Pivot Point R1	164.32
Daily Pivot Point R2	169.89
Daily Pivot Point R3	174.35

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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Ethereum Price Analysis: ETH/USD testing critical $150 support