Ethereum Price Analysis: ETH/USD running at four straight days of gains as the bulls maintain hope

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.

Ken Chigbo Independent Analyst

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

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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