Ethereum technical analysis: ETH/USD next major area of safety at $150 mark
|- Ethereum price is trading in negative territory, holding minor gains of some 0.40 on Friday.
- ETH/USD smashed out from breached daily pennant structure, making way for further downside.
- The price is heading down to the a big area of potential support at $150.
- Ethereum is subject to giving back of its 2019 recovery
Spot rate: 168.50
Relative change: +0.40%
High: 170.49
Low: 165.69
ETH/USD daily chart
- The price has been left exposed following the breakout from a narrowing daily range and pennant structure.
ETH/USD 60-minute chart
- Price action is stuck in narrowing range, high of $170 to a low $165 via 60-minute.
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