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.
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
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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