Ethereum Price Forecast: ETH/USD at risk to another deeper fall
|- Ethereum price is trading in the red by 3.30% in the session on Thursday.
- ETH/USD continues to move within a very tight range, breakout looming.
- The price has failed to find any direction since the stabilization from selling some two weeks ago.
ETH/USD daily chart
Further selling pressure can still not be ruled out, as the price is moving within a bearish flag structure, seen since 13 March.
ETH/USD 60-chart
Price action is breaking out to the downside from a narrowing range block formation.
Spot rate: 134.37
Relative change: -1.40%
High: 138.95
Low: 133.47
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.