Ethereum technical analysis: ETH/USD breakout and retest of bearish flag leaves price vulnerable to greater downside
|- Ethereum price is trading in the red, down 3.05% the session on Friday.
- ETH/USD has broken out and retested a bearish flag structure, leaving the door open to greater downside momentum.
- Resistance is observed via the $180 price territory, which was the lower part of the recent breached range.
ETH/USD daily chart
The price is vulnerable to further downside momentum, following the bear flag breach.
ETH/USD 60-minute chart
Price action is narrowing within a range-block formation, subject to a further potential continued move south.
Spot rate: 172.00
Relative change: -3.05%
High: 177.61
Low: 168.35
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