Home Ethereum technical analysis: ETH/USD bulls are still in sleep mode for now, after solid May-June run
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Ethereum technical analysis: ETH/USD bulls are still in sleep mode for now, after solid May-June run

FX Street
Published date:
  • Ethereum price on Wednesday in the second half is holding minor gains of some 1.15%.
  • ETH/USD is within consolidation mode at present, ahead of the next committed move.  
  • The price has been narrowing in daily range for three sessions, moving closer to a breakout.  

 

Spot rate:                   294.98

Relative change:       +0.45%

High:                          301.05

Low:                           291.26

 

ETH/USD 60-minute chart

  • The price has slipped out from a rising wedge structure and is just further consolidating. There is a barrier that runs from $295 up to $305 range.  

 

ETH/USD daily chart

  • Price action has remained very much in consolidation mode since the breakout of a daily pennant structure.  

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