- Ethereum price is trading in the green, up 1.60% the session on Wednesday.
- ETH/USD price action is moving within a bearish pennant structure via the daily.
- ETH/USD is at risk of falling back down to the psychological $100 price mark.
ETH/USD 60-minute chart
Price action smashed out to the upside from a descending channels structure, inviting a fresh wave of buying pressure.
ETH/USD daily chart
Critical support is eyed at $145, the lower acting trend line of the noted pennant pattern.
Spot rate: 149.95
Relative change: +1.60%
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