Ethereum technical analysis: ETH/USD bulls are being capped by $270-280 barrier

• Ethereum is holding trading in the green in the second half of the session on Wednesday, up some 1.25%.  
• ETH/USD bulls continue to fall attempting a breakdown of $270-280 price barrier.    
• The price is still moving within the confinements of a bullish flag structure.  

Spot rate:                  267.72

Relative change:       +1.25%

High:                         270.28

Low:                          263.66

ETH/USD 60-minute chart

• A breakout and retest have been seen of a key near-term ascending trend line of support, new acting resistance.  

ETH/USD daily chart

• A bullish flag structure via the daily remains subject to a breakout, should the bulls capitalize on it.