ETH/USD smashes through big resistance barrier at $135

Fibo Quantum

  • Ethereum price is trading in the green by 5.70% in the session on Friday. 
  • ETH/USD is running towards its fourth session in the green, as the bulls stage a rebound. 
  • The bulls were able to clear a chunky barrier of resistance at the range of $135-140 capping upside. 

ETH/USD daily chart

The current daily candle is making a strong move out of the narrowing range formation, which had contained the price for some seven sessions. 

ETH/USD 60-minute chart

The bulls have capitalized on a bullish pennant structure, allowing for an additional eave of buying pressure. 

Spot rate:                     144.57

Relative change:          +5.70%

High:                             153.31

Low:                              133.38