Ethereum price prediction: ETH/USD has clear path till $350 - Confluence Detector

ETH/USD crossed $300 for the first time since August 2018.
ETH/USD went up from $296.35 to $304 so far this Saturday.

Rajarshi Mitra Independent Analyst

ETH/USD has had a pretty historic Saturday so far. The price has gone up from $296.35 to $304, crossing $300-level for the first time since August 2018. The daily confluence detector shows us that ETH/USD has a clear path to $350.

ETH/USD daily confluence detector

The daily confluence detector shows us that ETH/USD doesn’t have any strong resistance levels. The only decent resistance level is at $320, which has 1-month pivot point resistance 1.

On the downside, ETH/USD has one powerful support level at $290, which has the daily 38.2% Fibonacci retracement level, daily Bollinger band upper curve, 100-day simple moving average (SMA 100), previous month high and weekly 23.6% Fibonacci retracement level.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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