Ethereum technical analysis: ETH/USD additional pressure is in play following bearish pennant breach
|- Ethereum price is trading in the red, down 1.90% the session on Tuesday.
- ETH/USD has been at the mercy of the bears since losing the psychological $200 price mark.
- The price running closer towards a big $100 price retest, which could spark further panic selling.
ETH/USD weekly chart
Price action is running towards its sixth consecutive week in the red, following a bearish pennant breakout.
ETH/USD daily chart
Price action breached a critical narrow daily range, $155-145, which has had the sellers in control since.
Spot rate: 128.95
Relative change: -2.90%
High: 132.88
Low: 126.80
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