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Ethereum Price Analysis: ETH/USD bulls pressure back following flag breakout

  • Ethereum price is trading in the green by 1.35% in the session on Friday. 
  • ETH/USD bulls pressing to break down the heavy supply range, $175-190. 
  • The price is running towards four consecutive sessions in the green. 

ETH/USD daily chart

Bulls are now eyeing a big retest of the psychological $200 price mark, a breakdown here would likely restore buyer confidence.  

ETH/USD 60-minute chart

A bullish pennant structure was viewable via the 60-minute chart view. 

Spot rate:                      187.56

Relative change:          +1.35%

High:                             189.96

Low:                              178.55

 

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