Home Ethereum Price Prediction: ETH/USD loses momentum heading into $180 supply – Confluence Detector
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Ethereum Price Prediction: ETH/USD loses momentum heading into $180 supply – Confluence Detector

FX Street
Updated:
  • Ethereum price in the second half of trading on Tuesday is holding modest gains of 1.00%.
  • ETH/USD bulls ran into resistance at 20th April high, as sellers capped upside heading into $180.

Ethereum price on Tuesday in the second half of the session is trading in the green with very modest gains of 1.00%. ETH/USD bulls lost some momentum after running into 20th April high, heading into $180 territory.

ETH/USD despite the hiccup at the start of the month, after running into chunky sellers, seemingly profit-taking, the price has again stabilized. A near-term ascending trend line can be seen supporting the ETH/USD, which has been in play since 16th April.

Looking via the daily confluence detector, firstly the barriers of resistance; $174.40, daily pivot point resistance, $176.21 daily and monthly pivot point resistance, $178.01, daily pivot point resistance. To the downside in terms of support; $172.60, weekly 23.6% Fibonacci, daily 38.2% Fibonacci, $170.79, daily 61.8% Fibonacci.

ETH/USD daily confluence detector  

 

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