Ethereum Price Analysis: ETH/USD bulls are back in control
- Ethereum price is trading in the green by 1.35% in the session on Friday.
- ETH/USD bulls pressing to break through the heavy supply range, $175-190.
- The price is running towards four consecutive sessions in the green.

ETH/USD daily chart
Bulls are now eyeing a big retest of the psychological $200 price mark, a break here would likely restore buyer confidence.
ETH/USD 60-minute chart
A bullish pennant structure was viewable via the 60-minute chart view.
Spot rate: 187.56
Relative change: +1.35%
High: 189.96
Low: 178.55
Author

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.




