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Ethereum Price Analysis: ETH/USD vital hourly resistance zone broken

  • Ethereum price is trading in the grene by 2.35% in the session on Thursday. 
  • ETH/USD bulls pressing to break down the heavy supply range, $175-190. 
  • The upside pressure is resuming following the commence higher on Wednesday.
Ethereum Price Analysis: ETH/USD vital hourly resistance zone broken
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

Supply remains heavy from the range of $175 up to $190, ahead of the $200 retest. 

ETH/USD 60-minute chart

The bulls smashed through a critical hourly resistance zone, $185-187.

Spot rate:                      153.38

Relative change:          +2.35%

High:                             188.73

Low:                              178.55

ETH/USD

Overview
Today last price186.06
Today Daily Change2.96
Today Daily Change %1.62
Today daily open183.1
 
Trends
Daily SMA20164.42
Daily SMA50157.34
Daily SMA100185.14
Daily SMA200172.23
 
Levels
Previous Daily High184.29
Previous Daily Low170.07
Previous Weekly High175.11
Previous Weekly Low148.3
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%178.85
Daily Fibonacci 61.8%175.5
Daily Pivot Point S1174.02
Daily Pivot Point S2164.94
Daily Pivot Point S3159.8
Daily Pivot Point R1188.23
Daily Pivot Point R2193.37
Daily Pivot Point R3202.45

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.

More from Ken Chigbo
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