Ethereum technical analysis: ETH/USD bullish flag retest held, leaving room for further upside
|- Ethereum price is holding decent gains of some 4% on Friday in the second part of the session.
- ETH/USD price action is retesting a breached bullish flag formation seen via the daily.
- The price underwent a large correction on Thursday, which has seen the bulls buy those dips.
Spot rate: 305.15
Relative change: +4.05%
High: 308.62
Low: 290.26
ETH/USD 60-minute chart
- A bearish flag formation can be seen via the 60-minute chart view, subject to a possible breakout.
ETH/USD daily chart
- Price is retesting a breached bullish flag formation, as the bulls stage a strong rebound.
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