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Ethereum technical analysis: ETH/USD bullish flag remains intact

  • Ethereum price in the second half of Friday is trading in negative territory with minor losses of 0.5%.  
  • ETH/USD price action remains within the confinements of a bullish flag pattern.  
  • A return to the $300 territory appears to be within reaching distance for the bulls.  

 

Spot rate:                  248.06

Relative change:       -0.50%

High:                         248.35

Low:                          248.06

 

 

ETH/USD 60-minute chart

  • Price action is ranging within a narrowing block formation seen via the 60-minute.  

 

ETH/USD daily chart

  • A bullish flag structure can be observed via the daily chart view, subject to a potential brekaout higher.  

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