- Ethereum price is trading in the red by 1.20% in the session on Wednesday.
- The price range is seen at a high around $175 down to a low of $160.
- Near-term price behaviour shows some vulnerabilities to the downside for ETH.
ETH/USD daily chart
The price has remained firmly within consolidation mode for going on some eight sessions.
ETH/USD 60-minute chart
Near-term price action is narrowing within a bearish flag structure, subject to potential downside pressure.
Spot rate: 167.26
Relative change: -1.20%
High: 171.00
Low: 165.65
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