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  • Ethereum price on Thursday is trading in the red by some some 1.70%, as it continues to consolidate.    
  • ETH/USD price action via the daily chart view is being supported to the upside by a long running ascending trend line.  
  • The daily chart view is moving within an ascending channel formation, guiding the price higher.  

Spot rate:                   296.96

Relative change:       -1.70%

High:                          303.78

Low:                           292.38

 

ETH/USD 60-minute chart

  • Heavy supply zone running from $295-300 price range, seen via the 60-minute.  

ETH/USD daily chart

  • Price action is supported to the upside by an ascending trend line, which has been guiding the bulls north.