Ethereum Technical Analysis: ETH/USD subject to another spike higher, $150 needs to be broken

• Ethereum price on Friday  is seen  trading with minor gains of some 1.5% in the second  half of the session.  
• ETH/USD price action via the 60-minute chart view has formed a bullish pennant pattern, subject to a breakout.
• The is near-term supply around the $150 price territory, bulls must break down for further upside.  

Spot rate:                 148.25

Relative change:     +1.52%

High:                        150.01

Low:                         144.36

Trend:                       Bullish

ETH/USD 60-minute chart

Via the 60-minute chart  view  the price is moving within a bullish pennant pattern formation.  

ETH/USD daily chart

Price action is consolidating around the $150 territory, near-term supply eyed within this area.