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  • Ethereum price is trading in the green by 5.60% in the session on Wednesday. 
  • ETH/USD bulls are making strong strides towards a psychological $200 retest.  
  • Near-term term price action has smashed out of a bullish flag structure, inviting a strong wave of upside momentum. 

ETH/USD daily chart

The price is running towards its fifth consecutive session in the green, highest levels now since October 2019.

ETH/USD 60-minute chart

Price action has breached a bullish flag, inviting a fresh wave of buying pressure. 

 

Spot rate:                     198.62

Relative change:          +5.60%

High:                             199.09

Low:                              187.82