ETH/USD extreme narrow conditions subject to a breakout

  • Ethereum price is trading marginally in the red, down 1.90% the session on Thursday.
  • ETH/USD trading within very narrow conditions, the daily range is $180-195.
  • The price continues to have difficulty trading to break down the resistance ahead of the big $200 mark.

 

ETH/USD weekly chart

Price action has been narrowing greatly within the last seven weeks. 

ETH/USD daily chart

The price is moving within a narrowing triangular structure, subject to a breach. 

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Spot rate:                  184.60

Relative change:      -1.90%

High:                         187.34

Low:                          182.21

 

Crypto Destroyer

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