RATE Group | ETH/USD vulnerable to further downside risks
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ETH/USD vulnerable to further downside risks

02 Jan ETH/USD vulnerable to further downside risks

Posted at 21:00h in Ethereum News by

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  • Ethereum price is trading in the red by some 0.90% in the session on Thursday. 
  • ETH/USD remains within the control of the market bears, as the price consolidates but tilts to the downside. 
  • Another wave of selling pressure could force the price to breach $100. 

 

ETH/USD daily chart

A bearish flag structure can be viewed via the daily chart, subject to further potential moves south. 

ETH/USD 60-minute chart

60-minute price action is moving within a bearish pennant pattern, as it consolidates and narrows. 

 

Spot rate:                     129.25

Relative change:         -0.15%

High:                            130.37

Low:                             128.40

 

 

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