Ethereum Price Analysis: ETH/USD set for a big retest of last week’s highs
|- Ethereum price is trading in the red by 1.00% in the session on Wednesday.
- ETH/USD price action is very much choppy, as seen over the last eight sessions.
- A chunky barrier of resistance should be noted at the $288 price mark.
ETH/USD daily chart
Should the bulls break down the noted barrier noted above, then the price could fly firmly into $300.
ETH/USD 60-minute chart
Price action has run into supply via the 60-minute is consolidating, moving with a pennant structure.
Spot rate: 279.84
Relative change: -1.00%
High: 287.03
Low: 275.13
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