RATE Group | ETH/USD vulnerabilities points to further pressure south
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ETH/USD vulnerabilities points to further pressure south

09 Jan ETH/USD vulnerabilities points to further pressure south

Posted at 19:17h in Ethereum News by

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  • Ethereum price is trading in the red by 1.30% in the session on Thursday. 
  • Price action is running at its third consecutive session in the red, as the bears regain full control.
  • Next major area of support eyed at $135, as the price is set to test the upper part of a breached range. 

 

ETH/USD daily chart

A rejection was seen at a trend line, as part of a previous bearish pennant structure via the daily. 

ETH/USD 60-minute chart

A bearish pennant structure can be viewed via the 60-minute view, of which the price has edged out.

 

Spot rate:                      138.33

Relative change:          -1.30%

High:                            141.37

Low:                             137.79

 

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