Ethereum technical analysis: ETH/USD bearish pennant vulnerable to downside risks
|- Ethereum price on Tuesday is trading in negative territory by 0.50%.
- ETH/USD price action is narrowing extremely within a bearish pennant structure.
- The range to the downside is seen at $185, to the upside $190; lower highs are being observed and higher lows.
Spot rate: 187.60
Relative change: -0.50%
High: 189.04
Low: 184.62
ETH/USD daily chart
- The price is moving within a narrowing pennant formation via the daily.
ETH/USD 60-minute chart
- Price action via the 60-minute chart view is producing lower highs and higher lows, subject to a breakout of the range.
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