Ethereum technical analysis: ETH/USD extreme narrow conditions subject to a breakout

Ethereum technical analysis: ETH/USD extreme narrow conditions subject to a breakout

Ethereum price is trading marginally in the red, down 1.90% the session on Thursday. ETH/USD trading within very narrow conditions, the daily range is $180-195. The price continues to have difficulty trading to break down the resistance ahead of the big $200 mark. Price action has been narrowing greatly within the last seven weeks.