Ethereum Price Analysis: ETH/USD drops down after encountering resistance at the SMA 200
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ETH/USD is currently consolidating in a flag formation as it dropped from $173.31 to $171.75 in the early hours of Thursday. The price encountered re

  • ETH/USD went up from $164.70 to $173.31 this Wednesday.
  • The Elliott Oscillator has had 24 straight green sessions going up from -98.73 to 21.35. 
  • ETH/USD went up from $164.70 to $173.31 this Wednesday.
  • ETH/USD went up from $164.70 to $173.31 this Wednesday.
  • The Elliott Oscillator has had 24 straight green sessions going up from -98.73 to 21.35. 
  • The Elliott Oscillator has had 24 straight green sessions going up from -98.73 to 21.35. 

    ETH/USD daily chart

    ETH/USD daily chart

    ETH/USD daily chartETH/USD daily chart

    ETH/USD is currently consolidating in a flag formation as it dropped from $173.31 to $171.75 in the early hours of Thursday. The price encountered resistance at the SMA 200 and fell down. If the bulls were to regain control, they have three obvious goals - take the price up to $173.50 and break above the SMA 200, go above $176.50 to break above the SMA 50. Finally, they need to take the price above the $185.45 level to go past the red Ichimoku cloud. The Elliott Oscillator has had 24 straight green sessions, going up from -98.73 to 21.35 in the process.

    $173.31 to $171.75 iresistance$173.50 $176.50$185.45 24 straight green sessions-98.73 to 21.35

    Key levels

    ETH/USD

    Overview
    Today last price 171.74
    Today Daily Change -1.57
    Today Daily Change % -0.91
    Today daily open 173.31
     
    Trends
    Daily SMA20 140.41
    Daily SMA50 178.39
    Daily SMA100 180.97
    Daily SMA200 173.61
     
    Levels
    Previous Daily High 174.65
    Previous Daily Low 163.67
    Previous Weekly High 150.33
    Previous Weekly Low 123.94
    Previous Monthly High 252.76
    Previous Monthly Low 89.65
    Daily Fibonacci 38.2% 170.46
    Daily Fibonacci 61.8% 167.86
    Daily Pivot Point S1 166.43
    Daily Pivot Point S2 159.56
    Daily Pivot Point S3 155.45
    Daily Pivot Point R1 177.42
    Daily Pivot Point R2 181.53
    Daily Pivot Point R3 188.41

     

    ETH/USD

    Overview
    Today last price 171.74
    Today Daily Change -1.57
    Today Daily Change % -0.91
    Today daily open 173.31
     
    Trends
    Daily SMA20 140.41
    Daily SMA50 178.39
    Daily SMA100 180.97
    Daily SMA200 173.61
     
    Levels
    Previous Daily High 174.65
    Previous Daily Low 163.67
    Previous Weekly High 150.33
    Previous Weekly Low 123.94
    Previous Monthly High 252.76
    Previous Monthly Low 89.65
    Daily Fibonacci 38.2% 170.46
    Daily Fibonacci 61.8% 167.86
    Daily Pivot Point S1 166.43
    Daily Pivot Point S2 159.56
    Daily Pivot Point S3 155.45
    Daily Pivot Point R1 177.42
    Daily Pivot Point R2 181.53
    Daily Pivot Point R3 188.41

    ETH/USD

    Overview
    Today last price 171.74
    Today Daily Change -1.57
    Today Daily Change % -0.91
    Today daily open 173.31
     
    Trends
    Daily SMA20 140.41
    Daily SMA50 178.39
    Daily SMA100 180.97
    Daily SMA200 173.61
     
    Levels
    Previous Daily High 174.65
    Previous Daily Low 163.67
    Previous Weekly High 150.33
    Previous Weekly Low 123.94
    Previous Monthly High 252.76
    Previous Monthly Low 89.65
    Daily Fibonacci 38.2% 170.46
    Daily Fibonacci 61.8% 167.86
    Daily Pivot Point S1 166.43
    Daily Pivot Point S2 159.56
    Daily Pivot Point S3 155.45
    Daily Pivot Point R1 177.42
    Daily Pivot Point R2 181.53
    Daily Pivot Point R3 188.41

    ETH/USD

    Overview
    Today last price 171.74
    Today Daily Change -1.57
    Today Daily Change % -0.91
    Today daily open 173.31
     
    Trends
    Daily SMA20 140.41
    Daily SMA50 178.39
    Daily SMA100 180.97
    Daily SMA200 173.61
     
    Overview
    Today last price 171.74
    Today Daily Change -1.57
    Today Daily Change % -0.91
    Today daily open 173.31
    Overview Overview Overview Today last price 171.74 Today Daily Change -1.57 Today Daily Change % -0.91 Today daily open 173.31 Today last price 171.74 Today last price171.74171.74 Today Daily Change -1.57 Today Daily Change-1.57-1.57 Today Daily Change % -0.91 Today Daily Change %-0.91-0.91 Today daily open 173.31 Today daily open173.31173.31
     
    Trends
    Daily SMA20 140.41
    Daily SMA50 178.39
    Daily SMA100 180.97
    Daily SMA200 173.61
    Trends Trends Trends Daily SMA20 140.41 Daily SMA50 178.39 Daily SMA100 180.97 Daily SMA200 173.61 Daily SMA20 140.41 Daily SMA20140.41140.41 Daily SMA50 178.39 Daily SMA50178.39178.39 Daily SMA100 180.97 Daily SMA100180.97180.97 Daily SMA200 173.61 Daily SMA200173.61173.61
     
    Levels
    Previous Daily High 174.65
    Previous Daily Low 163.67
    Previous Weekly High 150.33
    Previous Weekly Low 123.94
    Previous Monthly High 252.76
    Previous Monthly Low 89.65
    Daily Fibonacci 38.2% 170.46
    Daily Fibonacci 61.8% 167.86
    Daily Pivot Point S1 166.43
    Daily Pivot Point S2 159.56
    Daily Pivot Point S3 155.45
    Daily Pivot Point R1 177.42
    Daily Pivot Point R2 181.53
    Daily Pivot Point R3 188.41
    Levels
    Previous Daily High 174.65
    Previous Daily Low 163.67
    Previous Weekly High 150.33
    Previous Weekly Low 123.94
    Previous Monthly High 252.76
    Previous Monthly Low 89.65
    Daily Fibonacci 38.2% 170.46
    Daily Fibonacci 61.8% 167.86
    Daily Pivot Point S1 166.43
    Daily Pivot Point S2 159.56
    Daily Pivot Point S3 155.45
    Daily Pivot Point R1 177.42
    Daily Pivot Point R2 181.53
    Daily Pivot Point R3 188.41
    Levels Levels Levels Previous Daily High 174.65 Previous Daily Low 163.67 Previous Weekly High 150.33 Previous Weekly Low 123.94 Previous Monthly High 252.76 Previous Monthly Low 89.65 Daily Fibonacci 38.2% 170.46 Daily Fibonacci 61.8% 167.86 Daily Pivot Point S1 166.43 Daily Pivot Point S2 159.56 Daily Pivot Point S3 155.45 Daily Pivot Point R1 177.42 Daily Pivot Point R2 181.53 Daily Pivot Point R3 188.41 Previous Daily High 174.65 Previous Daily High174.65174.65 Previous Daily Low 163.67 Previous Daily Low163.67163.67 Previous Weekly High 150.33 Previous Weekly High150.33150.33 Previous Weekly Low 123.94 Previous Weekly Low123.94123.94 Previous Monthly High 252.76 Previous Monthly High252.76252.76 Previous Monthly Low 89.65 Previous Monthly Low89.6589.65 Daily Fibonacci 38.2% 170.46 Daily Fibonacci 38.2%170.46170.46 Daily Fibonacci 61.8% 167.86 Daily Fibonacci 61.8%167.86167.86 Daily Pivot Point S1 166.43 Daily Pivot Point S1166.43166.43 Daily Pivot Point S2 159.56 Daily Pivot Point S2159.56159.56 Daily Pivot Point S3 155.45 Daily Pivot Point S3155.45155.45 Daily Pivot Point R1 177.42 Daily Pivot Point R1177.42177.42 Daily Pivot Point R2 181.53 Daily Pivot Point R2181.53181.53 Daily Pivot Point R3 188.41 Daily Pivot Point R3188.41188.41