Ethereum Price Analysis: ETH/USD at risk of a potential bear flag
|- Ethereum price is trading in the red by 3.60% in the session on Friday.
- ETH/USD price action is flirting with the breached top area around $177-175.
- The bulls managed to push to the highest level since mid-November 2019.
ETH/USD weekly chart
Price action is moving within an ascending channel structure via the weekly chart view, also viewable as a bearish flag.
ETH/USD daily chart
A heavy amount of near-term supply should be noted at the range of $170-190 via the daily chart.
Spot rate: 177.80
Relative change: -3.60%
High: 185.49
Low: 175.05
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