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ETH/USD bearish pennant structure eyed

  • Ethereum value is buying and selling down some 5% within the second half of the session on Thursday. 
  • ETH/USD value motion by way of the 60-minute chart view is transferring inside a bearish penannt structure. 
  • Subsequent main demand zone to the draw back eyed at round $230, ought to the bears handle to additional press south. 

 

Spot price:                 273.54

Relative change:      -5.19%

Excessive:                        288.65

Low:                         262.00

ETH/USD 60-minute chart

  • Worth motion is transferring inside a bearish pennant by way of the 60-minute, topic to a possible transfer south. 

ETH/USD every day chart

  • An extension to the draw back was seen following a key every day pattern line failing to carry the value. 

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