Ethereum technical analysis: ETH/USD the bulls must break back above the pychological $200
|- Ethereum price on Friday is trading in the green, up some 2.10%.
- ETH/USD bulls are attempting to reclaim the big $200 mark following breach.
- A retest of the breached daily pennant structure, which the bears forced a way out of last week.
Spot rate: 194.60
Relative change: +2.10%
High: 194.70
Low: 188.53
ETH/USD daily chart
- Price action heading for another retest of the big $200 mark, failure to reclaim could be punishing.
ETH/USD 60-minute chart
- The bulls managed to break above and retest a descending trend line.
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