The bulls of the ETH / USD are rising upwards thanks to a pennant set up

• The price of Ethereum records decent earnings of 4% in the Wednesday session.
• The bulls of the ETH / USD further capitalize after moving above the $ 100 threshold.
• The pattern of the banners has been overtaken by bulls in the market, extending the movement to the north.

ETH / USD 15-minute chart

Spot rate: 106.51

Relative change: + 4.12%

High: 109.29

Low: 101.14

Trend: bullish

Resistance 1: 106.26, resistance at the daily articulation point.

Resistance 2: 110.04, resistance to the daily rotation point.

Resistance 3: 116.70, resistance at the daily articulation point.

Support 1: 95.82, daily support of the articulation point.

Support 2: 89.16, daily support of the articulation point.

Support 3: 85.38, daily support of the articulation point.

ETH / USD 60-minute chart

• Minor resistance seen at the resistance observed during the consolidation area on December 5th.

ETH / USD 4-hour chart

• The next major resistance can be observed from the $ 112-114 supply tracking form.