Ethereum Price Forecast: ETH/USD at risk of a daily bear flag breach
|- Ethereum price is trading in the green by 1.15% in the session on Tuesday.
- ETH/USD has been moving within consolidation mode over the last few sessions.
- The price to move into a definitive trend needs to break down $200 to the upside, or $150 to the downside.
ETH/USD daily chart
Price action has formed a potential bearish flag via the daily chart view, at risk of a breakout to the downside.
ETH/USD 60-minute chart
The price movements via the 60-minute chart view remain very much directionless, with supply observed from $157-159. There is the possibility of a bullish pennant breakout.
Spot rate: 153.38
Relative change: +1.15%
High: 159.2658.81
Low: 155.61
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