Ken Chigbo
Independent Analyst
- Ethereum on Wednesday is trading marginally in the green, gains of some 0.50%.
- ETH/USD remains supported by decent demand at the psychological $200 mark, forming a potential bottom for bull recovery.
- There continues to be a lack of commitment from the market, as price remains within penannt, via daily.
Spot rate: 216.08
Relative change: +3.00%
High: 217.92
Low: 209.66
ETH/USD 60-minute chart
- Price action via the 60-minute chart view is smashing out from a mundane range, $212-205.00 area.
ETH/USD daily chart
- ETH/USD via the daily, like many of its peers is narrowing within the penannt still, given lack of commitment.
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