Ethereum  technical analysis: ETH/USD the bulls must break back above the pychological $200

• Ethereum price on Friday is trading in the green, up some 2.10%.  
• ETH/USD bulls are attempting to reclaim the big $200 mark following breach.
• A retest of the breached daily pennant structure, which the bears forced a way out of last week.  

Spot rate:                  194.60

Relative change:       +2.10%

High:                          194.70

Low:                           188.53

ETH/USD daily chart

• Price action heading for another retest of the big $200 mark, failure to reclaim could be punishing.  

ETH/USD 60-minute chart

• The bulls managed to break above and retest a descending trend line.