- Ethereum price in the second part of Thursday is trading firmly in the green, up with decent gains of 5.5%.
- ETH/USD price has been rallying for the past five consecutive weeks.
- Near-term price action is moving within a bullish pennant structure, subject to a breakout.
Spot rate: 284.05
Relative change: +5.55%
High: 288.06
Low: 267.49
ETH/USD 30-minute chart
- Price action is moving within a bullish pennant pattern formation, subject to a breakout, via the 30-minute view.
ETH/USD daily chart
- The bulls are in firm control, after breaking out from a daily pennant pattern structure.
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