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  • ETH/USD consolidates in a triangle formation as it settles above the red Ichimoku cloud.
  • The Elliott Oscillator has had a green session following 11 straight red sessions.

ETH/USD daily chart

ETH/USD daily chart

ETH/USD fell from $203.30 to $196.45 as bulls ran out of steam at the SMA 20 curve. The price is consolidating in a triangle formation and above the red Ichimoku cloud. The Elliott Oscillator has had a green session following 11 straight red sessions. On the upside, the buyers will need to over strong resistance at $202.30 and $213. On the downside, healthy support levels lie at $186.55 and $174.

Key levels