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  • Ethereum  price in the second half of Wednesday is nursing losses of some -1.32%.
  • ETH/USD price action via the daily continues to move within a bullish flag structure formation.  
  • Despite the minor near-term setbacks, the $200 price territory is still not too far off for the bulls to reclaim.  

 

Spot rate:                  162.96

Relative change:      -3.00%

High:                         167.25

Low:                          162.01

ETH/USD 60-minute chartimage.gif
  • Near-term price action is supported by an ascending trend line, in addition, a bullish flag formation can be viewed via the 60-minute.

ETH/USD daily chart

  • Price action via the daily chart view is moving within a bullish flag pattern structure, subject to a breakout.