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
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