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Ethereum price analysis: ETH/USD bulls must break $180

  • Ethereum price is trading in the green, up 1.40% the session on Friday.
  • ETH/USD price action is moving within a bearish flag structure via the daily.
  • Heavily daily supply should be noted at $180, a breach would open door to another wave of upside. 

ETH/USD daily chart

Price action via the daily is moving within a bearish flag, ascending channel structure. 

ETH/USD 60-minute chart

The price is being supported by an ascending trend line, which has been in play since 26 September. 

Spot rate:                  177.74

Relative change:      +1.40%

High:                         178.94

Low:                          171.11

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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