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Ethereum Price Analysis: ETH/USD move above $200 could be explosive

  • Ethereum price is trading in the red by 0.35% in the session on Tuesday. 
  • ETH/USD is consolidating just underneath the big $200 price mark. 
  • Should the bulls push above the noted level, it will likely restore buyer confidence. 
Ethereum Price Analysis: ETH/USD move above $200 could be explosive
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

Upon a move back above $200, there will be room for a fast return back up to $250, the next major upside barrier.

ETH/USD 60-minute chart

Price action is swinging within a tight range, $190 to the downside, $199 to the upside. 


 

Spot rate:                      191.06

Relative change:          -0.35%

High:                             197.83

Low:                              192.44

BCH/USD

Overview
Today last price240.9817
Today Daily Change-2.0020
Today Daily Change %-0.82
Today daily open242.9837
 
Trends
Daily SMA20236.0572
Daily SMA50225.507
Daily SMA100301.8851
Daily SMA200269.3136
 
Levels
Previous Daily High248.0848
Previous Daily Low234.3487
Previous Weekly High247.2922
Previous Weekly Low215.7607
Previous Monthly High353.0056
Previous Monthly Low135.8533
Daily Fibonacci 38.2%239.5959
Daily Fibonacci 61.8%242.8376
Daily Pivot Point S1235.5267
Daily Pivot Point S2228.0697
Daily Pivot Point S3221.7907
Daily Pivot Point R1249.2627
Daily Pivot Point R2255.5417
Daily Pivot Point R3262.9987

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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