Ethereum technical analysis: ETH/USD bulls heading for big barrier retest at $220-235
|- Ethereum price is trading in positive territory, with gains of some 2.95% on Wednesday.
- ETH/USD price action via the daily chart view is running at its seventh consecutive session in the green.
- A large barrier of resistance is observed within the supply range of $220 up to $235.
Spot rate: 214.10
Relative change: +2.95%
High: 217.60
Low: 207.97
ETH/USD daily chart
- The bulls are heading for a big retest of a significant zone of supply $220-235 range.
ETH/USD 60-minute chart
- Near-term price action via the 60-minute chart view is just within consolidation mode, narrowing, ahead of further committed moves.
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