Ethereum Price Analysis: ETH/USD bearish flag still screams risk to the downside

Ethereum price is trading in the red by 2.50% in the session on Friday.
ETH/USD continues to move within a very tight range, breakout looming.
The price for the last two weeks has offered little direction, following the aggressive falling. ,

Ken Chigbo Independent Analyst

ETH/USD daily chart

A barrier to the upside should be noted at $150, support to the downside seen at $130.

ETH/USD 60-chart

Price action is narrowing moving within a range-block formation via the 60-minute chart view.

Spot rate: 134.37

Relative change: -2.50%

High: 142.02

Low: 134.66

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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ETH/USD daily chart

ETH/USD 60-chart

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