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Ethereum Technical Analysis: ETH/USD stubborn barrier in the way of $200

Ethereum price on Tuesday is trading in very minor negative, losses of just some 0.05%.
ETH/USD via the daily is moving within an ascending channel formation.
A chunky barrier is seen ahead of the big psychological $200 price territory.

Ken Chigbo Independent Analyst

Spot rate: 175.05

Relative change: -0.05%

High: 184.08

Low: 171.98

ETH/USD

Overview
Today last price	175.04
Today Daily Change	0.71
Today Daily Change %	0.41
Today daily open	174.33

Trends
Daily SMA20	165.47
Daily SMA50	157.71
Daily SMA100	142.42
Daily SMA200	145.59

Levels
Previous Daily High	179.02
Previous Daily Low	160.57
Previous Weekly High	172.2
Previous Weekly Low	153.2
Previous Monthly High	187.51
Previous Monthly Low	140.14
Daily Fibonacci 38.2%	171.97
Daily Fibonacci 61.8%	167.62
Daily Pivot Point S1	163.59
Daily Pivot Point S2	152.85
Daily Pivot Point S3	145.13
Daily Pivot Point R1	182.04
Daily Pivot Point R2	189.76
Daily Pivot Point R3	200.5

ETH/USD 60-minute chart

Vital near-term support eyed at $172-170 range via the 60-minute, a breach could drop back down to $160.

ETH/USD daily chart

Price action via the daily is moving within an ascending channel formation. Chunky supply is seen heading into the $200 price territory.

Author

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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ETH/USD

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