- Ethereum price is trading in the green by 1.70% in the session on Friday.
- ETH/USD has been rising for four consecutive sessions, on a solid run, no signs of a slowdown.
- Eyes will be on a retest of a breached ascending trend line, which acted strongly as support in 2019.
ETH/USD weekly chart
The next major area of interest for the bulls will likely be the round psychological $300 mark, which is very much within reaching distance and in proximity to a breached trend line retest.
ETH/USD 60-minute chart
Price action has extended to the upside after breaking out of a bullish pennant structure.
Spot rate: 278.48
Relative change: +3.70%