Ethereum technical analysis: ETH/USD vulnerabilities still largely point to the downside


  • Ethereum price is trading in the green, up % the session on 
  • ETH/USD downside momentum continues with the price running at its fourth consecutive week in the red. 
  • The next major demand zone is seen down at psychological $100 price mark. 

 

ETH/USD weekly chart

Price action continues to extend to the downside, since a weekly breach of a bearish pennant structure. 

ETH/USD daily chart

Daily price action is moving within a bearish pennant structure, subject to a potential breakout south.

Spot rate:                 147.11

Relative change:      -0.80%

High:                          148.78

Low:                           146.08

 

 

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