Ethereum Price Analysis: ETH/USD bears take control as price falls below $235
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ETH/USD dropped from $235.40 to $234 in the early hours of Wednesday following a bullish Tuesday. The price is sandwiched between the SMA 20 and the

  • ETH/USD faces bearish correction following bullish Tuesday.
  • The Elliott Oscillator has had seven straight red sessions.
  • ETH/USD faces bearish correction following bullish Tuesday.
  • ETH/USD faces bearish correction following bullish Tuesday.
  • The Elliott Oscillator has had seven straight red sessions.
  • The Elliott Oscillator has had seven straight red sessions

    ETH/USD daily chart

    ETH/USD daily chart

    ETH/USD daily chartETH/USD daily chart

    ETH/USD dropped from $235.40 to $234 in the early hours of Wednesday following a bullish Tuesday. The price is sandwiched between the SMA 20 and the upward trending line. The 20-day Bollinger jaw has narrowed, which indicates that overall price volatility is decreasing. The Elliott Oscillator has had seven straight red sessions, showing sustained bearish sentiment. 

    $235.40 to $234volatilityseven straight red sessions

    Support and Resistance 

    ETH/USD has strong resistance levels at $237.40, SMA 20 and $248. On the downside, healthy support lies at $229.8, $220.65 and SMA 50

    resistance $237.40, SMA 20 and $248 $229.8, $220.65 and SMA 50

    Key levels

    ETH/USD

    Overview
    Today last price 234.47
    Today Daily Change -0.92
    Today Daily Change % -0.39
    Today daily open 235.39
     
    Trends
    Daily SMA20 238
    Daily SMA50 217.88
    Daily SMA100 185.87
    Daily SMA200 182.99
     
    Levels
    Previous Daily High 236.01
    Previous Daily Low 228.95
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 233.31
    Daily Fibonacci 61.8% 231.65
    Daily Pivot Point S1 230.89
    Daily Pivot Point S2 226.39
    Daily Pivot Point S3 223.84
    Daily Pivot Point R1 237.95
    Daily Pivot Point R2 240.51
    Daily Pivot Point R3 245.01

     

    ETH/USD

    Overview
    Today last price 234.47
    Today Daily Change -0.92
    Today Daily Change % -0.39
    Today daily open 235.39
     
    Trends
    Daily SMA20 238
    Daily SMA50 217.88
    Daily SMA100 185.87
    Daily SMA200 182.99
     
    Levels
    Previous Daily High 236.01
    Previous Daily Low 228.95
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 233.31
    Daily Fibonacci 61.8% 231.65
    Daily Pivot Point S1 230.89
    Daily Pivot Point S2 226.39
    Daily Pivot Point S3 223.84
    Daily Pivot Point R1 237.95
    Daily Pivot Point R2 240.51
    Daily Pivot Point R3 245.01

    ETH/USD

    Overview
    Today last price 234.47
    Today Daily Change -0.92
    Today Daily Change % -0.39
    Today daily open 235.39
     
    Trends
    Daily SMA20 238
    Daily SMA50 217.88
    Daily SMA100 185.87
    Daily SMA200 182.99
     
    Levels
    Previous Daily High 236.01
    Previous Daily Low 228.95
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 233.31
    Daily Fibonacci 61.8% 231.65
    Daily Pivot Point S1 230.89
    Daily Pivot Point S2 226.39
    Daily Pivot Point S3 223.84
    Daily Pivot Point R1 237.95
    Daily Pivot Point R2 240.51
    Daily Pivot Point R3 245.01

    ETH/USD

    Overview
    Today last price 234.47
    Today Daily Change -0.92
    Today Daily Change % -0.39
    Today daily open 235.39
     
    Trends
    Daily SMA20 238
    Daily SMA50 217.88
    Daily SMA100 185.87
    Daily SMA200 182.99
     
    Overview
    Today last price 234.47
    Today Daily Change -0.92
    Today Daily Change % -0.39
    Today daily open 235.39
    Overview Overview Overview Today last price 234.47 Today Daily Change -0.92 Today Daily Change % -0.39 Today daily open 235.39 Today last price 234.47 Today last price234.47234.47 Today Daily Change -0.92 Today Daily Change-0.92-0.92 Today Daily Change % -0.39 Today Daily Change %-0.39-0.39 Today daily open 235.39 Today daily open235.39235.39
     
    Trends
    Daily SMA20 238
    Daily SMA50 217.88
    Daily SMA100 185.87
    Daily SMA200 182.99
    Trends Trends Trends Daily SMA20 238 Daily SMA50 217.88 Daily SMA100 185.87 Daily SMA200 182.99 Daily SMA20 238 Daily SMA20238238 Daily SMA50 217.88 Daily SMA50217.88217.88 Daily SMA100 185.87 Daily SMA100185.87185.87 Daily SMA200 182.99 Daily SMA200182.99182.99
     
    Levels
    Previous Daily High 236.01
    Previous Daily Low 228.95
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 233.31
    Daily Fibonacci 61.8% 231.65
    Daily Pivot Point S1 230.89
    Daily Pivot Point S2 226.39
    Daily Pivot Point S3 223.84
    Daily Pivot Point R1 237.95
    Daily Pivot Point R2 240.51
    Daily Pivot Point R3 245.01
    Levels
    Previous Daily High 236.01
    Previous Daily Low 228.95
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 233.31
    Daily Fibonacci 61.8% 231.65
    Daily Pivot Point S1 230.89
    Daily Pivot Point S2 226.39
    Daily Pivot Point S3 223.84
    Daily Pivot Point R1 237.95
    Daily Pivot Point R2 240.51
    Daily Pivot Point R3 245.01
    Levels Levels Levels Previous Daily High 236.01 Previous Daily Low 228.95 Previous Weekly High 250.41 Previous Weekly Low 225.52 Previous Monthly High 247.15 Previous Monthly Low 176.19 Daily Fibonacci 38.2% 233.31 Daily Fibonacci 61.8% 231.65 Daily Pivot Point S1 230.89 Daily Pivot Point S2 226.39 Daily Pivot Point S3 223.84 Daily Pivot Point R1 237.95 Daily Pivot Point R2 240.51 Daily Pivot Point R3 245.01 Previous Daily High 236.01 Previous Daily High236.01236.01 Previous Daily Low 228.95 Previous Daily Low228.95228.95 Previous Weekly High 250.41 Previous Weekly High250.41250.41 Previous Weekly Low 225.52 Previous Weekly Low225.52225.52 Previous Monthly High 247.15 Previous Monthly High247.15247.15 Previous Monthly Low 176.19 Previous Monthly Low176.19176.19 Daily Fibonacci 38.2% 233.31 Daily Fibonacci 38.2%233.31233.31 Daily Fibonacci 61.8% 231.65 Daily Fibonacci 61.8%231.65231.65 Daily Pivot Point S1 230.89 Daily Pivot Point S1230.89230.89 Daily Pivot Point S2 226.39 Daily Pivot Point S2226.39226.39 Daily Pivot Point S3 223.84 Daily Pivot Point S3223.84223.84 Daily Pivot Point R1 237.95 Daily Pivot Point R1237.95237.95 Daily Pivot Point R2 240.51 Daily Pivot Point R2240.51240.51 Daily Pivot Point R3 245.01 Daily Pivot Point R3245.01245.01

     


     


    From: FXSTREET