Ethereum technical analysis: ETH/USD vulnerable under $180
|- Ethereum price is trading in the green, up some 1.40% in the second half of the session.
- ETH/USD bears have forced the price to give up a critical area of demand around the $180 price territory.
- The price is potentially at risk of its sixth consecutive session in negative territory.
ETH/USD daily chart
- The price can be seen retesting a breached ascending wedge structure, failure to hold could be punishing.
ETH/USD 60-minute chart
- Near-term price action is consolidating like many of its peers, subject to a breakout from a bearish flag structure.
Spot rate: 197.42
Relative change: -1.85%
High: 175.19
Low: 162.48
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