Ethereum Technical Analysis: ETH/USD bulls push price above the $215–level

ETH/USD bulls stayed in control for the second straight day.
The Elliott Oscillator has had a green session following seven straight red sessions.
William’s %R is trending inside the overbought zone, which hints at an upcoming bearish correction.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD bulls stayed in control of the market for the second straight day as the price went up from $208.37 to $215.67. The price is currently trending near the upper curve of the 20-day Bollinger Band. The recent positive price action has caused the Elliott OScillator to have a green session following seven consecutive red sessions. William’s %R is trending inside the overbought zone, which hints at an upcoming bearish correction.

Support and Resistance

ETH/USD bulls must overcome resistance at $224.33 to cross the $225 critical psychological level. On the downside, healthy support lies at $207, SMA 20, $198.55 and SMA 50.

Key levels

ETH/USD

Overview
Today last price	216.95
Today Daily Change	8.58
Today Daily Change %	4.12
Today daily open	208.37

Trends
Daily SMA20	202.77
Daily SMA50	192.4
Daily SMA100	186.49
Daily SMA200	176.17

Levels
Previous Daily High	208.37
Previous Daily Low	200.89
Previous Weekly High	216.98
Previous Weekly Low	191.49
Previous Monthly High	227.37
Previous Monthly Low	128.95
Daily Fibonacci 38.2%	205.51
Daily Fibonacci 61.8%	203.75
Daily Pivot Point S1	203.38
Daily Pivot Point S2	198.4
Daily Pivot Point S3	195.91
Daily Pivot Point R1	210.86
Daily Pivot Point R2	213.35
Daily Pivot Point R3	218.33

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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Ethereum Technical Analysis: ETH/USD bulls push price above the $215–level