Ethereum holds above $200 as the tug of war intensifies between the bulls and the bears. ETH/USD is not yet out of danger as indicators signal a possible return to test the $190 support area. Ethereum price is holding above the key $200 support following a shallow recovery from $190. The losses during the weekend dispersed buyers from the market, most whom are still afraid of joining the relatively bearish market. ETH/USD teeters at $202 after losing a subtle 0.50% of its value on Tuesday during the Asian hours. The trend has remained bearish since the week started amid high volatility levels. The daily chart shows the buyers struggling to climb above the resistance provided by the 50% Fibonacci of the last drop from $289 to a low of $118. The price is dancing between the moving averages where the 50-day SMA holds the ground at $220 (seller congestion zone) and the 200-day SMA at $180 (key support area). Besides the support at $200, Ethereum price is also anchored by the ascending trendline. Other key support levels to keep include $190, $180 and $160. The MACD in the daily range clearly shows the bears being in control and emphasizes the tug of war above $200. The bulls wish to send the price above $210 and towards $220 while the sellers would like to extend their field day to $180 and $160 respectively. However, the RSI shows that, a sideways action is the most probable direction in the current session. The European session is likely to experience the same ranging action as well. ETH/USD daily chart ETH/USD key levels to watch Support one: $200 –Pivot point one-week support two and Bollinger Band 15-minutes middle curve. Support two: $190 –Previous low one day. Support three: $179 –Previous month low. Resistance one: $205 –Fibonacci 23.6% one-day. Resistance two: $215 –Previous week low. Resistance three: $223 –SMA five one-day and Bollinger Band 4-hour middle curve. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ripple Price Analysis: XRP/USD consolidates around the $0.208 level FX Street 3 years Ethereum holds above $200 as the tug of war intensifies between the bulls and the bears. ETH/USD is not yet out of danger as indicators signal a possible return to test the $190 support area. Ethereum price is holding above the key $200 support following a shallow recovery from $190. The losses during the weekend dispersed buyers from the market, most whom are still afraid of joining the relatively bearish market. ETH/USD teeters at $202 after losing a subtle 0.50% of its value on Tuesday during the Asian hours. The trend has remained bearish since the week started amid… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.