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Ethereum Price Analysis: ETH/USD bears take price below the SMA 50

ETH/USD bears have managed to stay in control for the second straight day.
The MACD shows that market momentum has been consistently bearish.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

ETH/USD bears stayed in control for the second straight day as the price fell from $226.50 to $226.30 this Friday. In the process, ETH/USD has managed to drop below the SMA 50 curve. The MACD shows that the overall market momentum has been consistently bearish.

Support and Resistance

ETH/USD faces strong resistance levels at $227 (SMA 50), $230.75 (SMA 20), $238 and $247.70. On the downside, healthy support lies at $230.35 and $214.25

Key Levels

ETH/USD

Overview
Today last price	226.16
Today Daily Change	-0.33
Today Daily Change %	-0.15
Today daily open	226.49

Trends
Daily SMA20	231.32
Daily SMA50	226.41
Daily SMA100	200.41
Daily SMA200	189.62

Levels
Previous Daily High	232.1
Previous Daily Low	223.32
Previous Weekly High	249.27
Previous Weekly Low	227.04
Previous Monthly High	253.48
Previous Monthly Low	216.37
Daily Fibonacci 38.2%	226.67
Daily Fibonacci 61.8%	228.75
Daily Pivot Point S1	222.51
Daily Pivot Point S2	218.52
Daily Pivot Point S3	213.72
Daily Pivot Point R1	231.29
Daily Pivot Point R2	236.09
Daily Pivot Point R3	240.07

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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