Home Ethereum Ethereum Price Prediction: ETH/USD needs to breakdown $170 for greater upside – Confluence Detector – FXStreet

Ethereum Price Prediction: ETH/USD needs to breakdown $170 for greater upside – Confluence Detector – FXStreet

1 min read
0
245

  • Ethereum holding decent gains on Tuesday evening, up some 11% at the time writing.
  • ETH/USD is capped for now by a chunky supply area seen at $170 territory.

Ethereum price on Tuesday holding chunky gains of around 11% in the latter part of trading, flirting around the $160 price mark at the time of writing. A decent rally was seen across the market, as life kick-backed into the bulls.

ETH/USD upside was somewhat capped by a big area of supply, which is seen at the very early part of $170 territory, where the price faced big rejection on 24th February. This is the last major until a potential reclaim of the $200 territory.

Looking via the daily confluence detector, firstly the barriers of resistance; $175.35, monthly pivot point resistance. To the downside; $162.20, weekly pivot point support, $160.56, daily pivot point support. 

ETH/USD daily confluence detector

Let’s block ads! (Why?)


Source link

Load More Related Articles
Load More By admin
Load More In Ethereum

Leave a Reply

Your email address will not be published.

nineteen − 17 =

Check Also

PYMNTS Intelligence: The Promise of Sooner Transactions Utilizing Blockchain Expertise – PYMNTS.com

By PYMNTS <!– –> Take heed to Article Posted on July 1, 2022 A current N…