Categories: Ethereum

Ethereum Price Prediction: ETH/USD capped by weak resistance up top – Confluence Detector

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  • ETH/USD price currently faces weak resistance from $175-$177.
  • Bulls can push the price up to $195.

ETH/USD has gone up from $170.50 to $173 this Monday. The daily confluence detector shows a lack of any significant levels, giving ETH/USD a pretty decent upside potential. If the bulls gather enough momentum, then they can push ETH/USD’s price up to $195.

ETH/USD Confluence Detector

Resistance levels are from $175-$177. The confluences at those levels are - monthly pivot point resistance 3, 4-hour previous high, 15-min Bollinger band upper curve, daily pivot point resistance 1, and daily previous high.

The support levels lie at $168.50-$172.50, $162, and $153. The confluences at those levels are:

  • $168.50-$172.50: SMA 50, SMA 5, hourly Bollinger band middle curve, daily 61.8% Fibonacci retracement level, weekly 23.6% Fibonacci retracement level, SMA 10, 15-min Bollinger band lower curve, SMA 100, SMA 200, daily 38.2% Fibonacci retracement level, daily 23.6% Fibonacci retracement level, 4-hour previous low, and hourly Bollinger band lower curve
  • $162: Monthly pivot point resistance 2.
  • $153: Monthly pivot point resistance 1.

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Bulls can push the price up to $195.

ETH/USD has gone up from $170.50 to $173 this Monday. The […]

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