Ethereum analysis: ETH/USD vulnerabilities remain tilted to the downside

FX Street

Published date: 26 Jul. 2019 | 17:22

Ethereum price is trading in negative territory, nursing losses of some 1.70% on Friday.
ETH/USD is seeing a lack of direction, no commitment at present.
The price is moving within a bearish pennant via the daily, as seen with some of its peers.

Spot rate: 215.61

Relative change: -1.63%

High: 219.31

Low: 212.84

ETH/USD 60-minute chart

Near-term ascending trend line is being tested to the downside by the bears via 60-minute chart.

ETH/USD daily chart

Price action via the daily is stuck within the confinements of a bearish pennant.

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