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Ethereum technical analysis: ETH/USD $100 return is near

  • Ethereum price is trading in the green, up 0.30% the session on Wednesday.  
  • ETH/USD is running closer towards a big $100 return, last seen in February.  
  • The price has dropped over 35% within the last seven weeks, of which it is has been falling.  

 

ETH/USD weekly chart

The next major weekly support is seen at the psychological $100 price point.  

ETH/USD daily chart

Vulnerabilities to the downside have been at large since the bears forced breach of a pennant structure.

Spot rate:                 122.32

Relative change:       +0.30%

High:                         125.51  

Low:                           116.00

 

 

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