Ethereum technical analysis: ETH/USD should the bears breach $200 mark, it could invite further free fall
|- Ethereum price in the session on Friday is trading firmly in the red, down some 5.0%.
- ETH/USD invited a wave of selling pressure, following a breakout from rising wedge structure.
- Buyers are fighting to protect the psychological $200 mark.
Spot rate: 209.88
Relative change: -3.50%
High: 226.79
Low: 207.27
ETH/USD daily chart
- Price action is breaking out from a rising wedge structure, inviting a fresh wave of selling pressure.
ETH/USD 60-minute chart
- Buyers protecting the $200 price mark, as can be seen via the 60-minute.
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