Ethereum Technical Analysis: ETH/USD vulnerable to further downside risks
|- Ethereum price is trading in the red by some 0.90% in the session on Thursday.
- ETH/USD remains within the control of the market bears, as the price consolidates but tilts to the downside.
- Another wave of selling pressure could force the price to breach $100.
ETH/USD daily chart
A bearish flag structure can be viewed via the daily chart, subject to further potential moves south.
ETH/USD 60-minute chart
60-minute price action is moving within a bearish pennant pattern, as it consolidates and narrows.
Spot rate: 129.25
Relative change: -0.15%
High: 130.37
Low: 128.40
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