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  • Ethereum price is trading in the green by 12.35% in the session on Thursday. 
  • ETH/USD encountered a huge wave of buying after being under pressure on Wednesday. 
  • There is a known buying region down at $150, which supported Ethereum in its spike north.

 

ETH/USD daily chart

The bulls forced a hug bounce off the lower acting trend line of a bearish flag pattern.

ETH/USD 60-minute chart

Price action has broken out from a bullish pennant structure via the 60-minute chart view.

Spot rate:                      171.62

Relative change:          +12.35%

High:                             158.81

Low:                              149.86