- Ethereum price on Thursday is nursing losses of around 1.25% in the second part of the day.
- ETH/USD price action via the daily chart view is moving within somewhat of a bullish flag pattern.
- Big near-term daily support is seen at $7500 level, a break below would heavily expose $7000 to the downside.
Spot rate: 243.29
Relative change: -1.20%
High: 247.62
Low: 241.48
ETH/USD 60-minute chart
- Near-term price action via the 60-minute is moving within an ascending channel or possibly a bearish flag.
ETH/USD daily chart
- A bullish flag structure can be observed via the daily chart view, subject to a potential breakout higher.
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