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25 September 2022
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Ethereum

Ethereum Price Analysis: ETH/USD bears remained in control as the price consolidates below the $215 level

  • ETH/USD bears remained in control of the market for the second straight day.
  • William’s %R is trending around -5.55 in the overbought zone, so more bearish correction may be expected.
  • The MACD shows that the market momentum has reversed from bearish to bullish.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD bears remained in control for the second straight day as the price fell from $214.66 to $213.46. Despite the adverse price action, the MACD shows that the market momentum has reversed from bearish to bullish. William’s %R is trending around -5.55 in the overbought zone, so more downward price correction may be expected.

The price faces two strong resistance levels on the upside at $223 and $232.63. On the downside, healthy support lies at  $207.15, SMA 20 and $197.

Key levels

ETH/USD

OVERVIEW
Today last price 213.6
Today Daily Change -1.06
Today Daily Change % -0.49
Today daily open 214.66
TRENDS
Daily SMA20 204.32
Daily SMA50 183.2
Daily SMA100 190.87
Daily SMA200 175.42
LEVELS
Previous Daily High 215.83
Previous Daily Low 209.23
Previous Weekly High 210.04
Previous Weekly Low 176.19
Previous Monthly High 227.37
Previous Monthly Low 128.95
Daily Fibonacci 38.2% 211.75
Daily Fibonacci 61.8% 213.31
Daily Pivot Point S1 210.65
Daily Pivot Point S2 206.64
Daily Pivot Point S3 204.05
Daily Pivot Point R1 217.26
Daily Pivot Point R2 219.85
Daily Pivot Point R3 223.86

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