Ethereum technical analysis: ETH/USD $200 barrier is proving to be a problem
|- Ethereum price is trading in the green, up 0.25% the session on Wednesday.
- ETH/USD continues to move within a narrowing range, subject to further committed direction.
- A strong barrier of resistance is in the way of greater upside at the psychological $200 mark.
ETH/USD daily chart
The price is moving just underneath the $200 area, one push away from a breach. A daily closure above could be very inviting for more upside pressure.
ETH/USD 60-minute chart
An important near-term ascending trend line can be observed via the 60-minute chart view.
Spot rate: 189.45
Relative change: +0.25%
High: 194.80
Low: 188.10
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