Home Ethereum technical analysis: ETH/USD should the bears breach $200 mark, it could invite further free fall

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Ethereum technical analysis: ETH/USD should the bears breach $200 mark, it could invite further free fall

FX Street

Published date: 9 Aug. 2019 | 18:18

Ethereum price in the session on Friday is trading firmly in the red, down some 5.0%.
ETH/USD invited a wave of selling pressure, following a breakout from rising wedge structure.
Buyers are fighting to protect the psychological $200 mark.

Spot rate: 209.88

Relative change: -3.50%

High: 226.79

Low: 207.27

ETH/USD daily chart

Price action is breaking out from a rising wedge structure, inviting a fresh wave of selling pressure.

ETH/USD 60-minute chart

Buyers protecting the $200 price mark, as can be seen via the 60-minute.

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