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.

Ken Chigbo Independent 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 price	186.06
Today Daily Change	2.96
Today Daily Change %	1.62
Today daily open	183.1

Trends
Daily SMA20	164.42
Daily SMA50	157.34
Daily SMA100	185.14
Daily SMA200	172.23

Levels
Previous Daily High	184.29
Previous Daily Low	170.07
Previous Weekly High	175.11
Previous Weekly Low	148.3
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	178.85
Daily Fibonacci 61.8%	175.5
Daily Pivot Point S1	174.02
Daily Pivot Point S2	164.94
Daily Pivot Point S3	159.8
Daily Pivot Point R1	188.23
Daily Pivot Point R2	193.37
Daily Pivot Point R3	202.45

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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ETH/USD daily chart

ETH/USD 60-minute chart

ETH/USD

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