Ethereum Price Analysis: ETH/USD continues price consolidation below $160

ETH/USD fell from $158.80 to $156.80 this Monday.
The bulls must overcome resistance at the SMA 50 and SMA 200 to reverse bearish sentiment.

Rajarshi Mitra Independent Analyst

ETH/USD daily chart

Following a bearish Monday, the bulls have started staging a comeback in the early hours of Tuesday, taking the price up from $156.80 to $157.80. The price continues to consolidate in a flag formation below the $160-level. The bulls need to overcome resistance at the SMA 50 and SMA 200 to reverse bearish market sentiment. The MACD indicates decreasing bullish momentum, while the RSI is trending horizontally around the neutral zone.

Key levels

ETH/USD

Overview
Today last price	156.77
Today Daily Change	0.00
Today Daily Change %	0.00
Today daily open	156.77

Trends
Daily SMA20	147.31
Daily SMA50	168.03
Daily SMA100	182.44
Daily SMA200	172.29

Levels
Previous Daily High	159.3
Previous Daily Low	149.86
Previous Weekly High	176.48
Previous Weekly Low	140.8
Previous Monthly High	252.76
Previous Monthly Low	89.65
Daily Fibonacci 38.2%	153.47
Daily Fibonacci 61.8%	155.69
Daily Pivot Point S1	151.33
Daily Pivot Point S2	145.88
Daily Pivot Point S3	141.89
Daily Pivot Point R1	160.76
Daily Pivot Point R2	164.74
Daily Pivot Point R3	170.19

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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Ethereum Price Analysis: ETH/USD continues price consolidation below $160