- Ethereum trading with chunky gains of 10% in the second half of Wednesday.
- ETH/USD bulls are making solid progress, as the price head towards a large barrier, noted at $400, which if broken can invite a stronger wave of buying.
- The current price behavior is showing similarities to the 2017 bull run.
Spot rate: 347.54
Relative change: +10.86%
High: 349.46
Low: 249.63
ETH/USD 60-minute chart
- Price action broke out from a bullish pennant formation as seen via the 60-minute chart view, helping drive ETH further north.
ETH/USD weekly chart
- Bulls are heading towards a critical barrier, $400, which if broken could open up the door the a large wave of buying pressure.
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.
Recommended Content
Editors’ Picks

Hyperliquid risks breaking $40 support after correction from all-time high
Hyperliquid risks breaks below $40.00 support after reaching new record highs of $45.72 on Monday. Increasing volumes, coupled with a sharp decline in the derivatives market's Open Interest, suggest a decline in interest in HYPE as liquidations mount.

Crypto Today: Bitcoin, Ethereum, XRP broadly stall as Middle East tensions keep markets on edge
Bitcoin’s price action remains relatively muted below $107,000 as tensions in the Middle East thaw. US President Trump leaves the G7 meeting early, calls for the evacuation of Tehran amid uncertainty in global markets.

Cardano Price Forecast: ADA eyes further losses amid triangle fallout
Cardano trades in the red by over 1% at press time on Tuesday, extending its losses from the previous day. Shrugging off the recent announcement of the revised stake pool incentive scheme by Input/Output firm, pressure mounts over Cardano, with optimism in ADA derivatives declining.

Bitcoin falls slightly as Trump calls security advisors to deal with Iran-Israel war
Bitcoin price declines slightly to around $106,000 on Tuesday following a mild recovery the previous day. Donald Trump leaves the G7 summit early to return to Washington and meet with his national security team.

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.