Home Ethereum  technical analysis: ETH/USD bulls knocking on the gates of greater gains
Crypto News

Ethereum  technical analysis: ETH/USD bulls knocking on the gates of greater gains

  • Ethereum  price on Tuesday is trading in the red marginally, losses of just some 0.25%.
  • ETH/USD bulls over the last four days have seen upside capped somewhat by $320.  
  • Price action is forming a bullish pennant structure, which can be seen via the lower time frame.  

 

Spot rate:                  310.30

Relative change:       -2.80%

High:                         315.19

Low:                          305.78

 

ETH/USD 60-minute chart

  • Price action is moving within a bullish pennant structure via the 60-minute chart view.  

 

ETH/USD daily chart

  • The price over the last four sessions has been capped by resistance around $320.    

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.