- Ethereum price is trading in the red by 1.30% in the session on Thursday.
- Price action is running at its third consecutive session in the red, as the bears regain full control.
- Next major area of support eyed at $135, as the price is set to test the upper part of a breached range.
ETH/USD daily chart
A rejection was seen at a trend line, as part of a previous bearish pennant structure via the daily.
ETH/USD 60-minute chart
A bearish pennant structure can be viewed via the 60-minute view, of which the price has edged out.
Spot rate: 138.33
Relative change: -1.30%
High: 141.37
Low: 137.79
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