- Ethereum price is trading in the green by 3.35% in the session on Wednesday.
- ETH/USD trying to break above resistance seen at the $170 mark.
- The next major target area for the bulls will be for a return into $200 break down is eyed at $200.
ETH/USD daily chart
Price action is back to moving within consolidation mode, ahead of further committed moves.
ETH/USD 60-minute chart
The bulls broke out to the upside from a flag structure, which invited a decent wave of near-term upside momentum.
Spot rate: 169.95
Relative change: +3.35%
High: 174.65
Low: 163.66