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  • Ethereum price on Friday is trading marginally in the green, holding very minor gains of 1%.  
  • ETH/USD continues to consolidate just above the breached bull flag formation.  
  • The next major area to tackle would be $170-180 price region, for greater upside potential.

 

Spot rate:                   173.19

Relative change:       +1.05%

High:                          176.02

Low:                           168.26

ETH/USD 60-minute chart

  • Price action is narrowing within a range-block formation, subject to a near-term breakout.  

 

ETH/USD daily chart

  • Bulls are moving within the confinements of a pennant structure, subject to a breakout.