Ethereum Technical Analysis: ETH/USD next breakout could see a return to $80

• Ethereum price is trading in the red by some 0.50% the session on Friday.  
• ETH/USD remains stuck within the stubborn bearish trend, running at five consecutive weeks in the red.  
• A $140 breach by the bears, could be the trigger for a fresh bout of selling pressure.  

ETH/USD weekly chart

Should the bears force a breakout below the current demand area, $160-140, then the next major zone is seen down at $80.  

ETH/USD daily chart

Critical daily support at $160 was breached which has kept the bears on the front foot, with further downside pressure being eyed.  

Spot rate:                    144.22

Relative change:       -0.30%

High:                           145.28

Low:                             143.10