Ethereum Price Analysis: ETH/USD bull pullback before another shot higher
|- Ethereum price is trading in the green by 1.70% in the session on Thursday.
- ETH/USD bulls in the prior session enjoyed their biggest double-digit daily gain since May 2019.
- The price was victim to some near-term profit-taking, following the big pushes north recently.
ETH/USD daily chart
The next major daily support should be noted down at around $240, if the price continues to cool.
ETH/USD 60-minute chart
An important hourly zone of support should be noted at the range of $255-250. Price action can be observed narrowing within a triangular structure.
Spot rate: 221.10
Relative change: +2.00%
High: 274.84
Low: 255.64
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