- Ethereum price is trading in the red by 1.30% in the session on Wednesday.
- ETH/USD trading conditions are very much narrow, as the price consolidates, risks remain tilted to the downside.
- There is a lack of commitment being observed, given soft investor sentiment.
ETH/USD daily chart
Price action continues to remain within the confinements of a bearish flag structure. Further moves to the south are still possible.
ETH/USD 60-minute chart
An explosive range breakout is imminent, as the price moves within a tight block formation.
Spot rate: 131.46
Relative change: -1.25%
High: 133.59
Low: 131.16
Share
