- Ethereum price is trading in the red by -0.80% in the session on Thursday.
- The daily candle on Wednesday produces a doji candlestick to indicate a potential reversal.
- In terms next major zone of support, this is seen from a range of $160-150.
ETH/USD daily chart
Price action via the daily expresses some vulnerabilities to the downside, given the recent doji candlestick formation.
ETH/USD 60-minute chart
Despite the bearish doji candlestick closure on Wednesday, there is some hope of upside given the near-term flag structure.
Spot rate: 161.19
Relative change: -3.00%
High: 167.16
Low: 158.39
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