- Ethereum price is trading in negative territory, nursing losses of some 1.70% on Friday.
- ETH/USD is attempting to find a bottom, following a breakout of a bearish pennant structure.
- The price appears to be vulnerable to further downside pressure, given the technical behaviour.
Spot rate: 215.61
Relative change: -1.70%
High: 188.26
Low: 178.41
ETH/USD daily chart
- Price action continues to extend to the downside following a pennant breakout via the daily.
ETH/USD 60-minute chart
- The price via the 60-minute chart view is moving within a bearish flag structure, subject to a potential breakout south.
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