Ethereum Technical Analysis: ETH/USD subject to a breakout from its narrowing form
|- Ethereum price on Friday is trading in minor negative territory, down some -0.9% in the second half of the session.
- ETH/USD price action is narrowing within a triangular structure formation, subject to a breakout.
- The bulls are attempting to reclaim the $200 price territory, last traded here back in November 2018.
Spot rate: 172.81
Relative change: -0.90%
High: 174.67
Low: 169.85
ETH/USD 60-minute chart
- Price action via the 60-minute chart view is supported to the upside by an ascending trend line.
ETH/USD daily chart
- The price is narrowing within a triangular structure, also viewed as a pennant formation, 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.