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Ethereum technical analysis: ETH/USD bulls have a platform for greater gains

  • Ethereum in the second half of Tuesday is trading marginally in the red by some 0.20%.
  • ETH/USD has successfully completed a breakout and retest of a big bull flag.  
  • Price action via the 60-minute chart view has smashed out from a bullish pennant.  

 

Spot rate:                  312.82

Relative change:       -0.20%

High:                         318.45

Low:                          309.46

 

ETH/USD 60-minute chart

  • ETH/USD via the 60-minute broke out higher from a pennant structure.  

ETH/USD daily chart

  • Price action has extended north following daily flag retest, boosted by demand around $300 area.  

 

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