Connect with us

Hi, what are you looking for?

ELEVENEWS

Ethereum

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. 

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

ethusd

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 price229.51
Today Daily Change-1.59
Today Daily Change %-0.69
Today daily open231.1
TRENDS
Daily SMA20231.87
Daily SMA50225.88
Daily SMA100199.53
Daily SMA200189.2
LEVELS
Previous Daily High232.81
Previous Daily Low224.21
Previous Weekly High249.27
Previous Weekly Low227.04
Previous Monthly High253.48
Previous Monthly Low216.37
Daily Fibonacci 38.2%229.52
Daily Fibonacci 61.8%227.5
Daily Pivot Point S1225.94
Daily Pivot Point S2220.78
Daily Pivot Point S3217.35
Daily Pivot Point R1234.53
Daily Pivot Point R2237.97
Daily Pivot Point R3243.12
News Source

Advertisement

Copyright © 2020 Elevenews