RATE Group | ETH/USD bulls breaking down the $140 barrier for greater buying pressure
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ETH/USD bulls breaking down the $140 barrier for greater buying pressure

06 Jan ETH/USD bulls breaking down the $140 barrier for greater buying pressure

Posted at 21:55h in Ethereum News by

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  • Ethereum price is trading in the green by 4.30% in the session on Monday. 
  • ETH/USD is seeing momentum to the upside as the price breaks out from a narrowing range.
  • A breakdown of the $140 barrier is utmost critical for the Ethereum price recovery. 

 

ETH/USD daily chart

The daily price action had been capped between a high of $135 down to a low of $125, the bulls are now breaking this down.  

ETH/USD 60-minute chart

Bulls are retesting a breached 4-hour support eyed at $141.50, after topping within the $142 price region. 

 

Spot rate:                     141.19

Relative change:          +4.30%

High:                            142.98

Low:                             134.92

 

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