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28 January 2022
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Ethereum

Ethereum Price Analysis: ETH/USD bulls tire out as they reach the upper curve of the 20-day Bollinger Band

  • ETH/USD bears stepped in following three straight bullish sessions.
  • The MACD shows increasing bullish momentum.
  • William’s %R is trending within the overbought zone, indicating that further bearish correction may be around the corner.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD dropped from $220.60 to $219.40 in the early hours of Saturday after three consecutive bullish sessions. The bulls ran out of steam as the price neared the upper curve of the 20-day Bollinger Band. The MACD shows increasing bullish momentum, while William’s %R is trending within the overbought zone, indicating that further bearish correction may be around the corner.

Support and Resistance

ETH/USD bulls faced stiff resistance at $229.15 and $238.20. On the downside, healthy support levels lie at $214.35, $208.70, SMA 20 and SMA 50.

Key levels

ETH/USD

OVERVIEW
Today last price 219.34
Today Daily Change -1.25
Today Daily Change % -0.57
Today daily open 220.59
TRENDS
Daily SMA20 203.75
Daily SMA50 194.35
Daily SMA100 185.48
Daily SMA200 176.51
LEVELS
Previous Daily High 224.81
Previous Daily Low 217.62
Previous Weekly High 224.81
Previous Weekly Low 196.65
Previous Monthly High 227.37
Previous Monthly Low 128.95
Daily Fibonacci 38.2% 222.06
Daily Fibonacci 61.8% 220.36
Daily Pivot Point S1 217.21
Daily Pivot Point S2 213.82
Daily Pivot Point S3 210.02
Daily Pivot Point R1 224.39
Daily Pivot Point R2 228.19
Daily Pivot Point R3 231.58
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