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Ethereum Price Analysis: ETH/USD one barrier away from another big bull run

  • Ethereum price is trading in the red by 2.35% in the session on Thursday. 
  • ETH/USD is moving within consolidation mode just underneath the $170 mark. 
  • The next major area of interest to the upside for the bulls will be eyed at $200. 
Ethereum Price Analysis: ETH/USD one barrier away from another big bull run
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

Should the bulls breakdown the noted barrier, it could be very inviting for further buyers coming in. 

ETH/USD 60-minute chart

A pennant structure is viewable via the 60-minute chart view, subject to a breakout. 

Spot rate:                      169.20

Relative change:          -2.35%

High:                             173.57

Low:                              165.32

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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