Ethereum Technical Analysis: ETH/USD retreats after brief charge into the $200-zone

The buyers and sellers have regularly engaged in a tug of war for control of the market this Tuesday.
The MACD in the hourly chart shows sustained bullish momentum.

Rajarshi Mitra Independent Analyst

ETH/USD hourly chart

ETH/USD had a bullish start to Wednesday, as the price went up slightly from $196.65 to $198.48. In the process, the buyers took control following two consecutive bearish days. The hourly breakdown shows that there was a brief charge by the bulls to enter the $200-zone, but they lacked the momentum needed to do so, following which they immediately retreated. Throughout this Tuesday, the bulls and bears were engaged in a prolonged tug-of-war for control. Finally, the MACD indicates sustained bullish market momentum.

Key levels

ETH/USD

Overview
Today last price	198.1
Today Daily Change	1.43
Today Daily Change %	0.73
Today daily open	196.67

Trends
Daily SMA20	175.45
Daily SMA50	153.73
Daily SMA100	186.66
Daily SMA200	172.63

Levels
Previous Daily High	197.85
Previous Daily Low	192.45
Previous Weekly High	194.46
Previous Weekly Low	166.66
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	194.51
Daily Fibonacci 61.8%	195.79
Daily Pivot Point S1	193.46
Daily Pivot Point S2	190.25
Daily Pivot Point S3	188.05
Daily Pivot Point R1	198.87
Daily Pivot Point R2	201.06
Daily Pivot Point R3	204.27

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 retreats after brief charge into the $200-zone