Ethereum Technical Analysis: ETH/USD bullish pennant pattern subject to a breakout.
|- Ethereum price on Friday is trading marginally in the green, holding very minor gains of 1%.
- ETH/USD continues to consolidate just above the breached bull flag formation.
- The next major area to tackle would be $170-180 price region, for greater upside potential.
Spot rate: 173.19
Relative change: +1.05%
High: 176.02
Low: 168.26
ETH/USD 60-minute chart
- Price action is narrowing within a range-block formation, subject to a near-term breakout.
ETH/USD daily chart
- Bulls are moving within the confinements of a pennant structure, subject to a breakout.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.