Ethereum Technical Analysis: ETH/USD continuing to test critical $140 support
|- Ethereum price is trading in the red by some 0.13% the session on Thursday.
- ETH/USD is further extending to the downside following flag breakout.
- The price is running towards its fourth consecutive session in the red.
ETH/USD weekly chart
The price is running at its fifth consecutive week in the red, having lost as much as 30%. It should be noted that decent weekly support is eyed at $130. An area that supported the price through much of March.
ETH/USD daily chart
Critical daily support eyed at $140, failure to hold would likely invite a fresh wave of selling pressure. Eyes on a possible double bottom via the daily view.
Spot rate: 143.59
Relative change: -0.30%
High: 146.48
Low: 144.99
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