- Ethereum price is trading in the red by 2.30% in the session on Wednesday.
- ETH/USD bears are running at two consecutive sessions in the red, as the bulls give up momentum.
- Next major area of support eyed at $130 given the breach of $140.
ETH/USD daily chart
The price is back to moving within a bearish flag structure, at risk of being broken to the downside.
ETH/USD 60-minute chart
Hourly support at $139 has been breached, further moves to the south remain possible.
Spot rate: 138.91
Relative change: -2.30%
High: 147.96
Low: 137.70
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