Ethereum technical analysis: ETH/USD breakout is imminent giving extreme price narrowing
|- Ethereum price on Thursday is trading in negative territory, with losses of some 2.25%.
- ETH/USD story has not changed like many price action remains within a narrow pennant.
- Critical daily support is observed the psychological $200 price mark, failure to hold could be very punishing.
Spot rate: 213.87
Relative change: -2.20%
High: 219.35
Low: 211.03
ETH/USD 60-minute chart
- ETH/USD via the 60-minute remains very much directionless, lack of committed trend.
ETH/USD daily chart
- Price action is narrowing, the upside is capped at $220, downside at $200.
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