Ethereum Price Forecast: ETH/USD bears take control as the price consolidates in the pennant formation
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ETH/USD bears stayed in control for the second straight day as the price fell from $237.65 to $237.15. The price has support at the upward trending l

  • ETH/USD bears have remained in control for the second straight day after failing at the $246.15 resistance level.
  • William’s %R has crept under the overbought zone, showing that the asset is no longer overvalued.
  • ETH/USD bears have remained in control for the second straight day after failing at the $246.15 resistance level.
  • ETH/USD bears have remained in control for the second straight day after failing at the $246.15 resistance level.
  • William’s %R has crept under the overbought zone, showing that the asset is no longer overvalued.
  • William’s %R has crept under the overbought zone, showing that the asset is no longer overvalued.

    ETH/USD daily chart

    ETH/USD daily chart

    ETH/USD daily chartETH/USD daily chart

    ETH/USD bears stayed in control for the second straight day as the price fell from $237.65 to $237.15. The price has support at the upward trending line as it continues to trend inside the pennant formation and the 20-day Bollinger Band. The MACD shows decreasing bullish momentum, while William’s %R has crept under the overbought zone, indicating that the asset is no longer overvalued.

    $237.65 to $237.15overbought zoneno longer overvalued.

    Support and Resistance

    ETH/USD bulls face resistance at the $246.15 line. If they do overcome it, the price will be trending above the 20-day Bollinger Band. On the downside, the price has found healthy support at $228.25, $215.75, SMA 20 and SMA 50.

    resistance$246.15 $228.25, $215.75, SMA 20 and SMA 50

    Key levels

    ETH/USD

    Overview
    Today last price 235.97
    Today Daily Change -1.68
    Today Daily Change % -0.71
    Today daily open 237.65
     
    Trends
    Daily SMA20 213.64
    Daily SMA50 200.93
    Daily SMA100 184.48
    Daily SMA200 177.59
     
    Levels
    Previous Daily High 253.48
    Previous Daily Low 224.48
    Previous Weekly High 224.81
    Previous Weekly Low 196.65
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 235.56
    Daily Fibonacci 61.8% 242.4
    Daily Pivot Point S1 223.59
    Daily Pivot Point S2 209.54
    Daily Pivot Point S3 194.59
    Daily Pivot Point R1 252.6
    Daily Pivot Point R2 267.54
    Daily Pivot Point R3 281.6

     

    ETH/USD

    Overview
    Today last price 235.97
    Today Daily Change -1.68
    Today Daily Change % -0.71
    Today daily open 237.65
     
    Trends
    Daily SMA20 213.64
    Daily SMA50 200.93
    Daily SMA100 184.48
    Daily SMA200 177.59
     
    Levels
    Previous Daily High 253.48
    Previous Daily Low 224.48
    Previous Weekly High 224.81
    Previous Weekly Low 196.65
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 235.56
    Daily Fibonacci 61.8% 242.4
    Daily Pivot Point S1 223.59
    Daily Pivot Point S2 209.54
    Daily Pivot Point S3 194.59
    Daily Pivot Point R1 252.6
    Daily Pivot Point R2 267.54
    Daily Pivot Point R3 281.6

    ETH/USD

    Overview
    Today last price 235.97
    Today Daily Change -1.68
    Today Daily Change % -0.71
    Today daily open 237.65
     
    Trends
    Daily SMA20 213.64
    Daily SMA50 200.93
    Daily SMA100 184.48
    Daily SMA200 177.59
     
    Levels
    Previous Daily High 253.48
    Previous Daily Low 224.48
    Previous Weekly High 224.81
    Previous Weekly Low 196.65
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 235.56
    Daily Fibonacci 61.8% 242.4
    Daily Pivot Point S1 223.59
    Daily Pivot Point S2 209.54
    Daily Pivot Point S3 194.59
    Daily Pivot Point R1 252.6
    Daily Pivot Point R2 267.54
    Daily Pivot Point R3 281.6

    ETH/USD

    Overview
    Today last price 235.97
    Today Daily Change -1.68
    Today Daily Change % -0.71
    Today daily open 237.65
     
    Trends
    Daily SMA20 213.64
    Daily SMA50 200.93
    Daily SMA100 184.48
    Daily SMA200 177.59
     
    Overview
    Today last price 235.97
    Today Daily Change -1.68
    Today Daily Change % -0.71
    Today daily open 237.65
    Overview Overview Overview Today last price 235.97 Today Daily Change -1.68 Today Daily Change % -0.71 Today daily open 237.65 Today last price 235.97 Today last price235.97235.97 Today Daily Change -1.68 Today Daily Change-1.68-1.68 Today Daily Change % -0.71 Today Daily Change %-0.71-0.71 Today daily open 237.65 Today daily open237.65237.65
     
    Trends
    Daily SMA20 213.64
    Daily SMA50 200.93
    Daily SMA100 184.48
    Daily SMA200 177.59
    Trends Trends Trends Daily SMA20 213.64 Daily SMA50 200.93 Daily SMA100 184.48 Daily SMA200 177.59 Daily SMA20 213.64 Daily SMA20213.64213.64 Daily SMA50 200.93 Daily SMA50200.93200.93 Daily SMA100 184.48 Daily SMA100184.48184.48 Daily SMA200 177.59 Daily SMA200177.59177.59
     
    Levels
    Previous Daily High 253.48
    Previous Daily Low 224.48
    Previous Weekly High 224.81
    Previous Weekly Low 196.65
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 235.56
    Daily Fibonacci 61.8% 242.4
    Daily Pivot Point S1 223.59
    Daily Pivot Point S2 209.54
    Daily Pivot Point S3 194.59
    Daily Pivot Point R1 252.6
    Daily Pivot Point R2 267.54
    Daily Pivot Point R3 281.6
    Levels
    Previous Daily High 253.48
    Previous Daily Low 224.48
    Previous Weekly High 224.81
    Previous Weekly Low 196.65
    Previous Monthly High 247.15
    Previous Monthly Low 176.19
    Daily Fibonacci 38.2% 235.56
    Daily Fibonacci 61.8% 242.4
    Daily Pivot Point S1 223.59
    Daily Pivot Point S2 209.54
    Daily Pivot Point S3 194.59
    Daily Pivot Point R1 252.6
    Daily Pivot Point R2 267.54
    Daily Pivot Point R3 281.6
    Levels Levels Levels Previous Daily High 253.48 Previous Daily Low 224.48 Previous Weekly High 224.81 Previous Weekly Low 196.65 Previous Monthly High 247.15 Previous Monthly Low 176.19 Daily Fibonacci 38.2% 235.56 Daily Fibonacci 61.8% 242.4 Daily Pivot Point S1 223.59 Daily Pivot Point S2 209.54 Daily Pivot Point S3 194.59 Daily Pivot Point R1 252.6 Daily Pivot Point R2 267.54 Daily Pivot Point R3 281.6 Previous Daily High 253.48 Previous Daily High253.48253.48 Previous Daily Low 224.48 Previous Daily Low224.48224.48 Previous Weekly High 224.81 Previous Weekly High224.81224.81 Previous Weekly Low 196.65 Previous Weekly Low196.65196.65 Previous Monthly High 247.15 Previous Monthly High247.15247.15 Previous Monthly Low 176.19 Previous Monthly Low176.19176.19 Daily Fibonacci 38.2% 235.56 Daily Fibonacci 38.2%235.56235.56 Daily Fibonacci 61.8% 242.4 Daily Fibonacci 61.8%242.4242.4 Daily Pivot Point S1 223.59 Daily Pivot Point S1223.59223.59 Daily Pivot Point S2 209.54 Daily Pivot Point S2209.54209.54 Daily Pivot Point S3 194.59 Daily Pivot Point S3194.59194.59 Daily Pivot Point R1 252.6 Daily Pivot Point R1252.6252.6 Daily Pivot Point R2 267.54 Daily Pivot Point R2267.54267.54 Daily Pivot Point R3 281.6 Daily Pivot Point R3281.6281.6

     


     


    From: FXSTREET