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Ethereum Technical Analysis: ETH/USD bullish pennant pattern breakout eyed

FX Street
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  • Ethereum price on Wednesday is moving within consolidation  mode, nursing minor losses of some 0.19%.  
  • ETH/USD price action has formed a bullish pennant pattern formation, subject to a breakout.  
  • The price is moving within consolidation mode, awaiting next committed move.  

Spot rate:                   166.50

Relative change:       -0.19%

High:                          168.91

Low:                           165.51

ETH/USD 60-minute chart

  • 60-minute chart view sees the price moving within a near-term bullish pennant pattern, similar to the daily.  

ETH/USD daily chart

  • Price action is moving within a bullish pennant pattern via the daily  

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