Ethereum Technical Analysis: ETH/USD trying to stay above $230 and daily EMAs

ETH/USD is currently trading at $229.68 trying to close above the daily 12-EMA.
Ethereum's buyers will not encounter many resistance levels towards $250 if the bullish momentum continues.

Lorenzo Stroe Independent Analyst

Ethereum briefly dropped to $226.88 but recovered and it’s currently fighting to stay above the 12-EMA at $229.90 and the 26-EMA at $230.13. Closing above both EMAs is crucial and could signify another bull cross for both indicators.

ETH/USD daily chart

Although Ethereum has been trading inside a daily downtrend for a few days now, bulls will not find a lot of resistance towards the high at $253.47. Besides the current daily EMAs and the high of $232.80 established on July 1, the way is clear.

As for support, ETH/USD has some support at $224.21, the low established on June 1 followed by the low on June 15 at $218.14 and the last low at $216.37. There is a good amount of support towards $210.

ETH/USD technical levels

ETH/USD

Overview
Today last price	229.51
Today Daily Change	-1.59
Today Daily Change %	-0.69
Today daily open	231.1

Trends
Daily SMA20	231.87
Daily SMA50	225.88
Daily SMA100	199.53
Daily SMA200	189.2

Levels
Previous Daily High	232.81
Previous Daily Low	224.21
Previous Weekly High	249.27
Previous Weekly Low	227.04
Previous Monthly High	253.48
Previous Monthly Low	216.37
Daily Fibonacci 38.2%	229.52
Daily Fibonacci 61.8%	227.5
Daily Pivot Point S1	225.94
Daily Pivot Point S2	220.78
Daily Pivot Point S3	217.35
Daily Pivot Point R1	234.53
Daily Pivot Point R2	237.97
Daily Pivot Point R3	243.12

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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Ethereum Technical Analysis: ETH/USD trying to stay above $230 and daily EMAs