Ethereum technical analysis: ETH/USD bulls have room for push back into $300 territory
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Ethereum technical analysis: ETH/USD bulls have room for push back into $300 territory

  • Ethereum price in the second half of the session on Monday is trading ever so marginally in positive territory, small gains of around 0.15%.  
  • ETH/USD bulls have made a breakout out from a triangular pattern/pennant, via the daily chart view.  
  • Crucial near-term supply can be observed via the daily from $270-280 price range.  

 

Spot rate:               268.32

Relative change:   +0.15%

High:                       272.48

Low:                        264.43

ETH/USD 60-minute chart

  • Price action at present is moving within consolidation mode seen via the 60-minute chart view, subject to a potential extended move to the upside.  

ETH/USD daily chart

  • The daily candlestick during the session on Sunday forced a breakout from the noted pennant pattern, a further follow-through has been observed in Monday’s session.  

 

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