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Ethereum technical analysis: ETH/USD and its $15 range will break explosively

  • Ethereum price is trading marginally in the green, up 0.50% in the session on Wednesday.
  • ETH/USD has been stuck within narrow trading conditions since October 26.
  • There remains much in the way of a return to the $200 price mark.  

 

ETH/USD weekly chart

Weekly price action is moving within a potentially bearish pennant structure, subject to a breakout.  

ETH/USD daily chart

Price action continues to move within a narrow daily range, the high up at $195 and  the low down at $180.  

Spot rate:                   188.05

Relative change:       +0.55%

High:                         188.50

Low:                           185.27

 

 

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