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  • Ethereum price is trading in the green, up 0.90% the session on Wednesday.
  • ETH/USD price action is moving within a bearish flag structure via the daily.
  • There is much supply heading into the pychological  $200 area, capping the bulls.  

 

ETH/USD daily chart

Price action is limited to the upside, the bulls continue to have problems with supply heading into the psychological $200 mark.  

ETH/USD 60-minute chart

The price has broken out of a narrowing range-block and is at present retesting.  

Spot rate:                   179.15

Relative change:       -1.50%

High:                          179.07

Low:                           174.26