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  • Ethereum price is trading in the green by 3.35% in the session on Wednesday. 
  • ETH/USD trying to break above resistance seen at the $170 mark. 
  • The next major target area for the bulls will be for a return into $200 break down is eyed at $200. 

ETH/USD daily chart

Price action is back to moving within consolidation mode, ahead of further committed moves. 

ETH/USD 60-minute chart

The bulls broke out to the upside from a flag structure, which invited a decent wave of near-term upside momentum. 

Spot rate:                      169.95

Relative change:          +3.35%

High:                             174.65

Low:                              163.66