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Ethereum Price Analysis: ETH/USD on most consecutive push higher since February bull run

  • Ethereum price is trading in the green by 1.95% in the session on Friday. 
  • ETH/USD is running towards five consecutive days in the green, despite the narrowing. 
  • Upside was largely limited by supply at the $140 price mark, however, bulls are seemingly making a breakthrough. 
Ethereum Price Analysis: ETH/USD on most consecutive push higher since February bull run
Ken ChigboKen ChigboIndependent Analyst

ETH/USD daily chart

There are promising signs of a greater recovery for Ethereum after the heavy fall last month, the next critical barrier is eyed at $150. 

ETH/USD 60-minute chart

Near-term price action is narrowing again, following the explosive moves late in the session on Thursday. 

Spot rate:                      144.35

Relative change:          +1.95%

High:                             146.87

Low:                              140.64

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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