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

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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