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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. ,
Ethereum Price Analysis: ETH/USD bearish flag still screams risk to the downside
Ken ChigboKen ChigboIndependent 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

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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