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Ethereum technical analysis: ETH/USD must breakdown big barrier $230-240 for greater upside

  • Ethereum price in the second half of the day on Wednesday, is trading in minor positive by just some 1.40%. 
  • ETH/USD is being capped to the upside by a big area of supply, $230-240 range. 
  • There is decent near-term support to comfort the bulls, while they attempt at breaking down the noted resistance. 
Ethereum technical analysis: ETH/USD must breakdown big barrier $230-240 for greater upside
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 229.10

Relative change:      +1.40%

High:                         231.24

Low:                          223.29

ETH/USD

Overview
Today last price229.51
Today Daily Change3.57
Today Daily Change %1.58
Today daily open225.94
 
Trends
Daily SMA20219.12
Daily SMA50258.25
Daily SMA100243.91
Daily SMA200191.38
Levels
Previous Daily High239.56
Previous Daily Low222.57
Previous Weekly High222.76
Previous Weekly Low197.53
Previous Monthly High318.46
Previous Monthly Low190.64
Daily Fibonacci 38.2%229.06
Daily Fibonacci 61.8%233.07
Daily Pivot Point S1219.15
Daily Pivot Point S2212.36
Daily Pivot Point S3202.15
Daily Pivot Point R1236.15
Daily Pivot Point R2246.35
Daily Pivot Point R3253.15

ETH/USD 60-minute chart

  • A near-term trend line can be observed providing needed support for the price. 

ETH/USD daily chart

  • A chunky area of supply can be observed running from $230 - $240 via the daily. 

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.

More from Ken Chigbo
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