Ethereum Price Analysis: ETH/USD bulls will need a big push to prevent double top formation


  • Ethereum price is trading in the green by 1.80% in the session on Thursday. 
  • ETH/USD price action is flirting with the upper acting trend line of a bullish channel structure. 
  • A double top formation can be observed via the daily chart view. 

ETH/USD daily chart

Price action is moving within an ascending channel structure via the daily chart view. 

ETH/USD 60-minute chart

A near-term bearish flag structure can be observed via the 60-minute chart view. 

 

Spot rate:                     176.60

Relative change:          +1.80%

High:                             177.18

Low:                              170.60

 

 

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