Ethereum price (ETH) appears to be taking a breather before attempting to tackle $150 and step up a level as the Constantinople hardfork upgrade looms.
Ethereum Price: Market Overview
Ethereum price is going through a phase of consolidation after posting fantastic gains over the past week.
Currently, ETH 00 trades ever so slightly above the 20MA and the Bollinger Band indicator has begun to narrow as ETH attempts to enter the upper arm. The 1-hour chart shows the altcoin appears ready to attack the $147 and $149 resistance where ETH recently rejected a number of times.
ETH still rests on the 78.6% fib retracement level from the last move from $119 to $149 and the altcoin remains in good order above $138 and $140.
Over the past 4 hrs the Stoch managed a bull cross and is on the verge of exiting…