Ethereum Price Prediction: ETH/USD bulls horns locked on $200 - Confluence Detector

  • Ethereum’s price on Wednesday in the second part of the session with decent gains of some 3.9%.
  • ETH/USD bulls have their horns locked in on a return to the $200 price mark.

 

Ethereum’s price on Wednesday in the second half of the session is trading in the green up some 3.9%. ETH/USD bulls are attempting to regain full control to make an attempt at reclaiming the $200 mark.

ETH/USD bulls are chipping away at the supply area tracking from $185, running all the way up to $195 price area. Should the bulls break this area down, it should attract a decent wave of buyers to push back into $200.

Looking via the daily confluence detector, firstly the barriers of resistance; $184.24, weekly and daily pivot point resistance, $188.06 daily pivot point resistance. To the downside in terms of support; $180.43, daily pivot point support, $178.52 daily 38.2% Fibonacci.

 

ETH/USD daily confluence detector 

 

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