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Ethereum Technical Analysis: ETH/USD the key to a $200 return is a breakdown of $160-170

  • Ethereum price on Friday in the latter part of the session, holding decent gains of some 4.60%.
  • ETH/USD bulls are still attempting to breakdown the $160-170 range, the week high area. 
  • Should the bulls managed to break this area down, then eyes will be set on the $200 mark. 
Ethereum Technical Analysis: ETH/USD the key to a $200 return is a breakdown of $160-170
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 165.46

Relative change:      +4.60%

High:                        169.15

Low:                         156.83

ETH/USD

Overview
Today last price165.07
Today Daily Change6.98
Today Daily Change %4.42
Today daily open158.09
 
Trends
Daily SMA20142.46
Daily SMA50138.78
Daily SMA100131.9
Daily SMA200153.87
Levels
Previous Daily High164.84
Previous Daily Low154.1
Previous Weekly High144.5
Previous Weekly Low131.54
Previous Monthly High147.03
Previous Monthly Low123.9
Daily Fibonacci 38.2%158.2
Daily Fibonacci 61.8%160.73
Daily Pivot Point S1153.18
Daily Pivot Point S2148.27
Daily Pivot Point S3142.44
Daily Pivot Point R1163.92
Daily Pivot Point R2169.74
Daily Pivot Point R3174.65

ETH/USD 60-minute chart

  • ETH/USD is moving within a rising wedge pattern formation, subject to potential breakout south. 

ETH/USD daily chart

  • Price action is struggling to clear the supply running from $160-170, the key to a $200 return. 

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.

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