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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. 
Ethereum Price Analysis: ETH/USD testing critical $150 support
Ken ChigboKen ChigboIndependent 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 price153.12
Today Daily Change-5.62
Today Daily Change %-3.54
Today daily open158.74
 
Trends
Daily SMA20146.42
Daily SMA50170.41
Daily SMA100182.22
Daily SMA200172.51
 
Levels
Previous Daily High165.44
Previous Daily Low155.41
Previous Weekly High176.48
Previous Weekly Low140.8
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%161.61
Daily Fibonacci 61.8%159.24
Daily Pivot Point S1154.29
Daily Pivot Point S2149.84
Daily Pivot Point S3144.26
Daily Pivot Point R1164.32
Daily Pivot Point R2169.89
Daily Pivot Point R3174.35

Author

Ken Chigbo

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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