RATE Group | ETH/USD at risk of big $100 test
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ETH/USD at risk of big $100 test

24 Dec ETH/USD at risk of big $100 test

Posted at 23:48h in Ethereum News by

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  • Ethereum price is trading in the green, by some 0.55% in the session on Tuesday. 
  • ETH/USD is running towards its seventh potential week closing in the red.
  • Bears maintain full control, with a lack of reversal signs in this stubborn downside trend for now. 

 

ETH/USD weekly chart

The next major support areas to the downside are eyed at $100 and then $80 via the weekly. 

ETH/USD daily chart

Price action has formed another bearish pennant structure via the daily, subject to a potential breakout south. 

 

Spot rate:                     128.65

Relative change:         +0.55%

High:                            128.96

Low:                             126.84

 

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