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  • Ethereum price seen trading firmly in the green by some 2.5%, looking to capitalize on recent breakout from bullish technical set up.  
  • ETH/USD broke out from a bullish flag pattern, as seen on the 4-hour chart view.  
  • Bullish momentum has take ETH/USD above a near-term descending trend line.
  • Panel of 9 analysts via finder’s cryptocurrency report, median forecast of $261 by December & $615 by the end of the year.  

 

ETH/USD 4-hour chart  


 
 

Spot rate:                   214.88

Relative change:       +2.48%

High:                          212.45

Low:                           206.76

 

Trend:                        Bullish

 

Resistance  1:            215.31, daily pivot point resistance.  

Resistance  2:            218.18,  daily pivot point resistance, 4 November high.

Resistance  3:            230.00, supply area.  

Support 1:                 211.94, on top of breach descending trend line.

Support  2:                  206.81,    daily pivot point support & lower part of bull flag.  

Support  3:                 203.94,    daily pivot point support.    .