Ken Chigbo
Independent Analyst
- Ethereum price is trading in the green by 0.40% in the session on Wednesday.
- ETH/USD is running towards four consecutive days in the green, despite the narrowing.
- Upside is largely limited by supply at the $140 price mark.
ETH/USD daily chart
Price action via the daily chart view still presents some downside risks, given the bearish pennant pattern.
ETH/USD 60-minute chart
Price action has broken out to the upside from a near-term bullish pennant structure, making way for further buying momentum.
Spot rate: 137.02
Relative change: +0.40%
High: 139.04
Low: 135.71
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.