Ken Chigbo
Independent Analyst
- Ethereum price is trading in the green, up 0.30% the session on Wednesday.
- ETH/USD is running closer towards a big $100 return, last seen in February.
- The price has dropped over 35% within the last seven weeks, of which it is has been falling.
ETH/USD weekly chart
The next major weekly support is seen at the psychological $100 price point.
ETH/USD daily chart
Vulnerabilities to the downside have been at large since the bears forced breach of a pennant structure.
Spot rate: 122.32
Relative change: +0.30%
High: 125.51
Low: 116.00
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