Ethereum Price Analysis: ETH Looks Primed To Test 200EMA Resistance At $173 - CryptoPotato

Since our last analysis, ETH rebounded from the support provided by the 100-days EMA and the short term .382 Fibonacci Retracement level. Ethereum remains in a short term bullish condition after rebounding from the 100-days EMA support.

If the bulls can continue to bring Ethereum up above $170, resistance can initially be expected at $170 and then at $173, which is provided by the 200-days EMA and bolstered by the long term bearish .5 Fibonacci Retracement level. On the other hand, if the sellers regroup and push Ethereum lower, support is located at $165 and $158 (100-days EMA & .382 Fib Retracement).

Timeline of Ethereum