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Ethereum Technical Analysis: ETH/USD the key to a $200 return is a breakdown of $160-170

  • Ethereum price on Friday in the latter part of the session, holding decent gains of some 4.60%.
  • ETH/USD bulls are still attempting to breakdown the $160-170 range, the week high area.  
  • Should the bulls managed to break this area down, then eyes will be set on the $200 mark.  

 

Spot rate:                  165.46

Relative change:       +4.60%

High:                         169.15

Low:                          156.83

ETH/USD 60-minute chart

  • ETH/USD is moving within a rising wedge pattern formation, subject to  potential  breakout south.  

ETH/USD daily chart

  • Price action is struggling to clear the supply running from $160-170, the key to a $200 return.  

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