Ethereum Technical Analysis: ETH/USD bull move may just be a small consolation
|- Ethereum price on Friday has bounced after a big beating on Thursday, which was seen across the market.
- ETH/USD bulls failed to capitalize on a bullish pennant pattern structure, as the bears forced a breach of the acting support.
- Eyes on a potential retest of the breached pennant formation, ahead of further moves south.
Spot rate: 154.40
Relative change: +3.03%
High: 158.11
Low: 149.52
ETH/USD 60-minute chart
- Bearish pennant pattern formation structure eyed via the 60-minute chart view, subject to breakout.
ETH/USD daily chart
- Bullish pennant pattern formation fails to be capitalized on, as acting support gives way.
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