Ethereum Price Analysis: ETH/USD breaks above flag formation and $170 barrier

Ethereum Price Analysis: ETH/USD breaks above flag formation and $170 barrier

The SMA 20 curve has crossed above the SMA 50, which is a bullish sign. The RSI indicator is creeping along the edge of the overbought zone. ETH/USD bulls made a comeback this Friday, following a bearish Thursday. The price went up from $164 to $171, breaking above the flag formation in the process.