Ethereum Technical Analysis: ETH/USD must break $140 for any hope of a recovery
|- Ethereum price is trading in the red by some 0.35% in the session on Friday.
- ETH/USD price action is running at four consecutive days in the green, as the bulls look to regain control.
- A big barrier of resistance can be observed at the $140 price mark.
ETH/USD weekly chart
ETH/USD managed to snap a weekly run of losses, the closure last week was in the green, after six consecutive in the red.
ETH/USD daily chart
The bulls push for a step in the right direction, after managing to escape from a bearish pennant structure via the daily.
Spot rate: 124.75
Relative change: -0.40%
High: 136.06
Low: 131.64
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.