Connect with us

Hi, what are you looking for?

ELEVENEWS

Ethereum

Ethereum Price Analysis: ETH/USD bulls remain in control, aim for the elusive $215 resistance level

  • William’s %R has jumped and is trending near the overbought zone. This shows that bearish correction could be expected.
  • The price re-entered the $200-zone this Friday.

ETH/USD daily chart

ETH/USD daily chart

The bulls retained control of the market as ETH/USD went up from $207.30 to $207.50 this Saturday. The bulls remained in power from this Friday, wherein the price spiked from $198.55 to $207.20, crossing above the $200 key psychological level and the SMA 20, in the process. 

William’s %R has jumped and is trending near the overbought zone. This shows that bearish correction could be expected. The bulls must overcome strong resistance levels at $215 and $223.60. The former has previously thwarted the market and prevented bullish momentum in multiple instances, as per the chart above. On the downside, healthy support levels lie at  SMA 20, $199.20, SMA 50, $186.15 and SMA 200

Key levels

ETH/USD

OVERVIEW
Today last price207.33
Today Daily Change0.00
Today Daily Change %0.00
Today daily open207.33
TRENDS
Daily SMA20203.49
Daily SMA50187.3
Daily SMA100189.75
Daily SMA200175.76
LEVELS
Previous Daily High209.29
Previous Daily Low196.23
Previous Weekly High216.98
Previous Weekly Low191.49
Previous Monthly High227.37
Previous Monthly Low128.95
Daily Fibonacci 38.2%204.3
Daily Fibonacci 61.8%201.22
Daily Pivot Point S1199.28
Daily Pivot Point S2191.22
Daily Pivot Point S3186.22
Daily Pivot Point R1212.33
Daily Pivot Point R2217.34
Daily Pivot Point R3225.39
News source

Advertisement

You May Also Like

Libra

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...

Ripple

When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...

Criptodivisas

(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (www.superior-coin.com), announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...

Ripple

Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews