Ethereum price draws a positive pattern – Analysis - 12-02-2019

Ethereum price keeps its stability above 116.50 level, and by taking a deeper look at the chart, we find that the price draws bullish pattern that its confirmation line located at 127.00, which means that breaching this level will push the price to surpass our waited target at 137.24 to achieve positive targets that extend to 154.00 followed by 170.76.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 116.50.

The expected trading range for today is between 116.00 support and 137.24 resistance

The expected trend for today: Bullish