Ethereum technical analysis: ETH/USD vulnerabilities still largely point to the downside
|- Ethereum price is trading in the green, up % the session on
- ETH/USD downside momentum continues with the price running at its fourth consecutive week in the red.
- The next major demand zone is seen down at psychological $100 price mark.
ETH/USD weekly chart
Price action continues to extend to the downside, since a weekly breach of a bearish pennant structure.
ETH/USD daily chart
Daily price action is moving within a bearish pennant structure, subject to a potential breakout south.
Spot rate: 147.11
Relative change: -0.80%
High: 148.78
Low: 146.08
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