TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

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.
Ethereum Technical Analysis: ETH/USD retreats after brief charge into the $200-zone
Rajarshi MitraRajarshi MitraIndependent Analyst

ETH/USD hourly chart

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 price198.1
Today Daily Change1.43
Today Daily Change %0.73
Today daily open196.67
 
Trends
Daily SMA20175.45
Daily SMA50153.73
Daily SMA100186.66
Daily SMA200172.63
 
Levels
Previous Daily High197.85
Previous Daily Low192.45
Previous Weekly High194.46
Previous Weekly Low166.66
Previous Monthly High252.76
Previous Monthly Low89.65
Daily Fibonacci 38.2%194.51
Daily Fibonacci 61.8%195.79
Daily Pivot Point S1193.46
Daily Pivot Point S2190.25
Daily Pivot Point S3188.05
Daily Pivot Point R1198.87
Daily Pivot Point R2201.06
Daily Pivot Point R3204.27

Author

Rajarshi Mitra

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.

More from Rajarshi Mitra
Share:

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.