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ETH/USD breakout and retest of bearish flag leaves price vulnerable to greater downside

  • Ethereum price is buying and selling within the purple, down Three.05% the session on Friday.
  • ETH/USD has damaged out and retested a bearish flag construction, leaving the door open to greater downside momentum. 
  • Resistance is noticed by way of the $180 price territory, which was the decrease half of the latest breached vary. 

 

ETH/USD day by day chart

The price is vulnerable to additional downside momentum, following the bear flag breach. 

 

ETH/USD 60-minute chart

Price motion is narrowing inside a range-block formation, topic to an extra potential continued transfer south. 

 

Spot price:                  172.00

Relative change:      -Three.05%

Excessive:                         177.61

Low:                          168.35

 

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