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Ethereum technical analysis: ETH/USD big barrier watched at $200

  • Ethereum price on Thursday is trading in positive territory by 0.60%.
  • ETH/USD has found some daily support around the $180 mark, a breach could send the price down to $150. 
  • The big psychological $200 price mark is likely to act a new barrier for the bulls. 
Ethereum technical analysis: ETH/USD big barrier watched at $200
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  188.46

Relative change:      +0.60%

High:                         190.24

Low:                          182.86

ETH/USD daily chart

  • Major daily support seen at $180 prevents the price from free-fall for now, next major support eyed at $150. 

ETH/USD 60-minute chart

  • Near-term price action moving within an ascending channel or a bearish flag structure, subject to a potential breakout south. 

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.

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