Ethereum Price Analysis: ETH/USD will need to break down barrier at $135 for recovery case
|- Ethereum price is trading in the green by 8.10% in the session on Thursday.
- ETH/USD is running towards its third session in the green, despite price narrowing.
- There is a chunky barrier of resistance at the range of $135-140 capping upside.
ETH/USD daily chart
Near-term price action is moving within a rising channel structure, at risk of potential breakout south.
ETH/USD 60-minute chart
The price has smashed out of a bearish flag to the downside, inviting further pressure south. Eyes on a possible retest.
Spot rate: 126.75
Relative change: -0.10%
High: 129.75
Low: 115.76
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