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Ethereum Price Analysis: ETH/USD vital hourly resistance zone broken

  • Ethereum price is trading in the grene by 2.35% in the session on Thursday. 
  • ETH/USD bulls pressing to break down the heavy supply range, $175-190. 
  • The upside pressure is resuming following the commence higher on Wednesday.

 

ETH/USD daily chart

Supply remains heavy from the range of $175 up to $190, ahead of the $200 retest. 

ETH/USD 60-minute chart

The bulls smashed through a critical hourly resistance zone, $185-187.

 

Spot rate:                      153.38

Relative change:          +2.35%

High:                             188.73

Low:                              178.55

 

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