- Ethereum (ETH) price was seen nursing minor losses of some 0.20% on Thursday, but near-term price action looked promising.
- ETH/USD price action has formed a bullish flag pattern, which is seen with a number of its peers.
- Bulls will be targeting another near-term firm move back above $200.
ETH/USD 60-minute chart
Spot rate: 197.37
Relative change: +0.21%
High: 200.03
Low: 192.39
Trend: Neutral
Support 1: 197.30, lower trend line of bull flag.
Support 2: 196.58. 50MA (60-minute).
Support 3: 193.44, daily pivot point support.
Resistance 1: 198.05, 100MA (60-minute) & upper pennant resistance.
Resistance 2: 201.09, daily pivot point resistance.
Resistance 3: 204.38, consolidation area, daily pivot point resistance.
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