ETH/USD bullish pennant pattern subject to a breakout.

  • Ethereum price on Friday is trading marginally in the green, holding very minor gains of 1%. 
  • ETH/USD continues to consolidate just above the breached bull flag formation. 
  • The next major area to tackle would be $170-180 price region, for greater upside potential.

Spot rate:                  173.19

Relative change:      +1.05%

High:                         176.02

Low:                          168.26

ETH/USD 60-minute chart

  • Price action is narrowing within a range-block formation, subject to a near-term breakout. 

ETH/USD daily chart

  • Bulls are moving within the confinements of a pennant structure, subject to a breakout.

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