TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Ethereum technical analysis: ETH/USD bulls still have room to largely capitalize on technical set up

  • Ethereum price on Thursday is trading marginally in the red, nursing minor losses of just some 0.05%. 
  • ETH/USD continues to move within a bullish pennant pattern formation. 
  • Price action is narrowing subject to an imminent potential breakout. 
Ethereum technical analysis: ETH/USD bulls still have room to largely capitalize on technical set up
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 269.09

Relative change:      -0.05%

High:                        271.44

Low:                         266.72

ETH/USD 60-minute chart

  • Near-term price action is narrowing within a triangular structure, subject to a breakout. 

ETH/USD daily chart

  • A bullish pennant structure is eyed via the daily chart view, with still the scope for the bulls to capitalise. 

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.

More from Ken Chigbo
Share:

Editor's Picks

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple face downside risk as bears regain control

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple face downside risk as bears regain control

Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday, with the broader trend still sideways. BTC is edging below $68,000, nearing the lower consolidating boundary, while ETH and XRP also declined slightly, approaching their key supports.

Cardano Price Forecast: ADA stalls as mixed signals limit recovery

Cardano Price Forecast: ADA stalls as mixed signals limit recovery

Cardano steadies at $0.28 on Wednesday after failing to break through a key resistance zone over the weekend. Mixed signals from the derivatives and on-chain metrics suggest that ADA’s short-term outlook remains uncertain, limiting the scope for a recovery.

Pi Network Price Forecast: PI rally defies market pressure ahead of its first anniversary

Pi Network Price Forecast: PI rally defies market pressure ahead of its first anniversary

Pi Network is trading above $0.1900 at press time on Wednesday, extending the weekly gains by nearly 8% so far. The steady recovery is supported by a short-term pause in mainnet migration, which reduces pressure on the PI token supply for Centralized Exchanges.

Top Crypto Gainers: Jito drops, Morpho holds steady, Convex Finance climbs

Top Crypto Gainers: Jito drops, Morpho holds steady, Convex Finance climbs

Decentralized Finance (DeFi) tokens, including Jito, Morpho, and Convex Finance, rank among the top-performing crypto assets over the last 24 hours. Jito dips on Wednesday after rallying 22% the previous day on the launch of a new mainnet node.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.