Ethereum Technical Analysis: ETH/USD bulls set to capitalize on pennant pattern
|- Ethereum price on Tuesday is trading up with decent gains of some 1.5% in the second part of the session.
- ETH/USD like others is bouncing within a bullish technical structure - pennant, subject to a breakout.
- The bulls are looking to regather upside momentum, which was seen at the start of the month.
Spot rate: 175.16
Relative change: +1.65%
High: 177.67
Low: 170.65
ETH/USD 60-minute chart
- ETH/USD price action sees rejection in near-term supply area, heading into $180. Eyes on the support of ascending trend line tracking at $173-172.
ETH/USD daily chart
- The price is moving within the confinements of a bullish technical structure - pennant pattern, subject to a breakout.
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