Ethereum Technical Analysis: ETH/USD bulls now eyeing $200
|- Ethereum price on Wednesday is trading up some 4%, as the bulls maintain upside momentum.
- ETH/USD bulls have been breaking down supply within the $170 territory, eyes are on $200.
- Should the price managed to see a close above the noted supply zone, a chunky wave of buying pressure may again follow.
Spot rate: 172.25
Relative change: +4.05%
High: 177.24
Low: 163.17
ETH/USD 60-minute chart
- Bulls have been breaking down the heavy supply within the $170 price region. Set to retest the session high for further potential upside.
ETH/USD daily chart
- Next major price territory target eyed up at the $200 area, should the bulls maintain current upside momentum.
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