- Ethereum is trading in the green, up with gains of some 1.90% in the second half of Thursday.
- ETH/USD via the daily view is moving within a bearish pennant structure.
- There is a large daily barrier seen to the upside at $240 price mark, capping bulls.
Spot rate: 220.71
Relative change: +1.90%
High: 226.00
Low: 215.51
ETH/USD 60-minute chart
- Price action has been moving within a narrowing range via the 60-minute view for much of the session. The range to the upside of $225 the low $221. There is a lack of directional commitment at present.
Chart to follow.
ETH/USD daily chart
- The price is moving within the confinements of a bearish pennant structure, subject to a potential breakout south.
Chart to follow.
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