Ken Chigbo
Independent Analyst
- Ethereum price is trading in the green by 12.35% in the session on Thursday.
- ETH/USD encountered a huge wave of buying after being under pressure on Wednesday.
- There is a known buying region down at $150, which supported Ethereum in its spike north.
ETH/USD daily chart
The bulls forced a hug bounce off the lower acting trend line of a bearish flag pattern.
ETH/USD 60-minute chart
Price action has broken out from a bullish pennant structure via the 60-minute chart view.
Spot rate: 171.62
Relative change: +12.35%
High: 158.81
Low: 149.86
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