Ethereum Price Analysis: ETH/USD bears stay in control for three straight days as it trends between SMA 20 and SMA 50 curves
header-image

ETH/USD dropped from $231 to $229.80, following three straight bearish days. The price is currently sandwiched between SMA 20 and SMA 50 curves. The

  • ETH/USD faces three straight bearish days as the price looks to consolidate below the $230–level.
  • The Elliott Oscillator has had six consecutive red sessions, showing sustained bearish sentiment.
  • ETH/USD faces three straight bearish days as the price looks to consolidate below the $230–level.
  • ETH/USD faces three straight bearish days as the price looks to consolidate below the $230–level.
  • The Elliott Oscillator has had six consecutive red sessions, showing sustained bearish sentiment.
  • The Elliott Oscillator has had six consecutive red sessions, showing sustained bearish sentiment.

    ETH/USD daily chart

    ETH/USD daily chart

    ETH/USD daily chartETH/USD daily chart

    ETH/USD dropped from $231 to $229.80, following three straight bearish days. The price is currently sandwiched between SMA 20 and SMA 50 curves. The 20-day Bollinger Band has narrowed, indicating decreasing price volatility. Finally, the Elliott Oscillator has had six straight red sessions, showing sustained bearish sentiment.

    $231 to $229.80,volatility

    Support and Resistance

    ETH/USD has three strong resistance levels at SMA 20, $238.45 and $244.10. On the downside, it has three healthy support levels at $224, $218.25 and SMA 50.

    resistanceSMA 20, $238.45 and $244$224, $218.25 and SMA 50.

    Key levels

    ETH/USD

    Overview
    Today last price 229.94
    Today Daily Change -1.07
    Today Daily Change % -0.46
    Today daily open 231.01
     
    Trends
    Daily SMA20 236.64
    Daily SMA50 217.11
    Daily SMA100 185.51
    Daily SMA200 182.57
     
    Levels
    Previous Daily High 233.76
    Previous Daily Low 218.14
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 224.11
    Daily Fibonacci 61.8% 227.79
    Daily Pivot Point S1 221.51
    Daily Pivot Point S2 212.02
    Daily Pivot Point S3 205.9
    Daily Pivot Point R1 237.13
    Daily Pivot Point R2 243.25
    Daily Pivot Point R3 252.74

     

    ETH/USD

    Overview
    Today last price 229.94
    Today Daily Change -1.07
    Today Daily Change % -0.46
    Today daily open 231.01
     
    Trends
    Daily SMA20 236.64
    Daily SMA50 217.11
    Daily SMA100 185.51
    Daily SMA200 182.57
     
    Levels
    Previous Daily High 233.76
    Previous Daily Low 218.14
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 224.11
    Daily Fibonacci 61.8% 227.79
    Daily Pivot Point S1 221.51
    Daily Pivot Point S2 212.02
    Daily Pivot Point S3 205.9
    Daily Pivot Point R1 237.13
    Daily Pivot Point R2 243.25
    Daily Pivot Point R3 252.74

    ETH/USD

    Overview
    Today last price 229.94
    Today Daily Change -1.07
    Today Daily Change % -0.46
    Today daily open 231.01
     
    Trends
    Daily SMA20 236.64
    Daily SMA50 217.11
    Daily SMA100 185.51
    Daily SMA200 182.57
     
    Levels
    Previous Daily High 233.76
    Previous Daily Low 218.14
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 224.11
    Daily Fibonacci 61.8% 227.79
    Daily Pivot Point S1 221.51
    Daily Pivot Point S2 212.02
    Daily Pivot Point S3 205.9
    Daily Pivot Point R1 237.13
    Daily Pivot Point R2 243.25
    Daily Pivot Point R3 252.74

    ETH/USD

    Overview
    Today last price 229.94
    Today Daily Change -1.07
    Today Daily Change % -0.46
    Today daily open 231.01
     
    Trends
    Daily SMA20 236.64
    Daily SMA50 217.11
    Daily SMA100 185.51
    Daily SMA200 182.57
     
    Overview
    Today last price 229.94
    Today Daily Change -1.07
    Today Daily Change % -0.46
    Today daily open 231.01
    Overview Overview Overview Today last price 229.94 Today Daily Change -1.07 Today Daily Change % -0.46 Today daily open 231.01 Today last price 229.94 Today last price229.94229.94 Today Daily Change -1.07 Today Daily Change-1.07-1.07 Today Daily Change % -0.46 Today Daily Change %-0.46-0.46 Today daily open 231.01 Today daily open231.01231.01
     
    Trends
    Daily SMA20 236.64
    Daily SMA50 217.11
    Daily SMA100 185.51
    Daily SMA200 182.57
    Trends Trends Trends Daily SMA20 236.64 Daily SMA50 217.11 Daily SMA100 185.51 Daily SMA200 182.57 Daily SMA20 236.64 Daily SMA20236.64236.64 Daily SMA50 217.11 Daily SMA50217.11217.11 Daily SMA100 185.51 Daily SMA100185.51185.51 Daily SMA200 182.57 Daily SMA200182.57182.57
     
    Levels
    Previous Daily High 233.76
    Previous Daily Low 218.14
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 224.11
    Daily Fibonacci 61.8% 227.79
    Daily Pivot Point S1 221.51
    Daily Pivot Point S2 212.02
    Daily Pivot Point S3 205.9
    Daily Pivot Point R1 237.13
    Daily Pivot Point R2 243.25
    Daily Pivot Point R3 252.74
    Levels
    Previous Daily High 233.76
    Previous Daily Low 218.14
    Previous Weekly High 250.41
    Previous Weekly Low 225.52
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 224.11
    Daily Fibonacci 61.8% 227.79
    Daily Pivot Point S1 221.51
    Daily Pivot Point S2 212.02
    Daily Pivot Point S3 205.9
    Daily Pivot Point R1 237.13
    Daily Pivot Point R2 243.25
    Daily Pivot Point R3 252.74
    Levels Levels Levels Previous Daily High 233.76 Previous Daily Low 218.14 Previous Weekly High 250.41 Previous Weekly Low 225.52 Previous Monthly High 247.15 Previous Monthly Low 176.19 Daily Fibonacci 38.2% 224.11 Daily Fibonacci 61.8% 227.79 Daily Pivot Point S1 221.51 Daily Pivot Point S2 212.02 Daily Pivot Point S3 205.9 Daily Pivot Point R1 237.13 Daily Pivot Point R2 243.25 Daily Pivot Point R3 252.74 Previous Daily High 233.76 Previous Daily High233.76233.76 Previous Daily Low 218.14 Previous Daily Low218.14218.14 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% 224.11 Daily Fibonacci 38.2%224.11224.11 Daily Fibonacci 61.8% 227.79 Daily Fibonacci 61.8%227.79227.79 Daily Pivot Point S1 221.51 Daily Pivot Point S1221.51221.51 Daily Pivot Point S2 212.02 Daily Pivot Point S2212.02212.02 Daily Pivot Point S3 205.9 Daily Pivot Point S3205.9205.9 Daily Pivot Point R1 237.13 Daily Pivot Point R1237.13237.13 Daily Pivot Point R2 243.25 Daily Pivot Point R2243.25243.25 Daily Pivot Point R3 252.74 Daily Pivot Point R3252.74252.74

     


     


    From: FXSTREET