Ethereum technical analysis: Bulls huff-and-puff but can’t break through $211.50 resistance level

  • ETH/USD has gone down from $211.15 to $206.75 in the early hours of Tuesday.
  • The hourly chart shows that SMA 50 is about to cross over the SMA 20 curve. 

ETH/USD daily chart


The daily ETH/USD chart is trending in a flag formation and has found support on the upward trending line. The price is trending below the 20-day simple moving average (SMA 20) and SMA 50 curves. The moving average convergence/divergence (MACD) indicator shows decreasing bearish momentum.

ETH/USD 4-hour chart


The 4-hour chart has found resistance in the green Ichimoku cloud. The chart is trending below the SMA 200, SMA 50 and SMA 20 curves, with the SMA 20 acting as immediate market resistance. The relative strength index (RSI) indicator was trending in the neutral zone before it dipped to 40.60.

ETH/USD hourly chart


The hourly chart shows that the bulls gained some momentum around 20:00 UTC this Monday, where they took the price from $209.50 to $211.45. After meeting heavy resistance, the price plummeted to $206.15. The price fell below the 20-day Bollinger band, indicating that it was undervalued. The bulls subsequently took the price back inside the Bollinger band. The widening of the 20-day Bollinger jaw indicates increasing market volatility. The Elliot oscillator shows three straight bearish sessions of increasing intensity.

Key Levels


Today last price 206.57
Today Daily Change -4.17
Today Daily Change % -1.98
Today daily open 210.74
Daily SMA20 229.01
Daily SMA50 264.64
Daily SMA100 239.28
Daily SMA200 187.66
Previous Daily High 215.12
Previous Daily Low 205.89
Previous Weekly High 229.73
Previous Weekly Low 200.9
Previous Monthly High 363.54
Previous Monthly Low 226.48
Daily Fibonacci 38.2% 209.41
Daily Fibonacci 61.8% 211.59
Daily Pivot Point S1 206.05
Daily Pivot Point S2 201.36
Daily Pivot Point S3 196.82
Daily Pivot Point R1 215.27
Daily Pivot Point R2 219.81
Daily Pivot Point R3 224.5



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Cash Price Analysis: BCH sits on top of strong support barrier

Bitcoin Cash rose from $240 and rose to $276 between October 21 and October 24. After that, the price dropped to ~$260, found support at the 100-day SMA and has gone up to $266.50, as of writing.

More BitcoinCash News

Tezos Price Prediction: XTZ facing potential bearish breakout towards $1.77

XTZ is currently trading at $2.08 right at the bottom of an ascending parallel channel formed on the daily chart. The digital asset is down 53% since its 2020-high at $4.47, established on August 12.

More Tezos News

The last time this indicator turned bullish LINK skyrocketed 300%

LINK established a bottom at $7.31 on September 23 and has rebounded strongly, reaching a peak of $12.97 just three days ago on October 24. The digital asset continues trading inside an ...

More Chainlink News

MakerDAO Price Prediction: MKR aims at a potential price target of $700

MKR has been trading inside an ascending triangle for around 20 days, currently at $589, with a precise resistance level located at $604. The price got rejected several times from this upper boundary.

More MakerDAO News


Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

Read the weekly forecast