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  • Ethereum price is trading in the red by -2.90% in the session on Thursday. 
  • The last nine-day price range $175 down to a low of $160 is at risk of a breach. 
  • Last week’s rally is at risk of being completely reversed by the bears. 

 

ETH/USD daily chart

The next major support to the downside should the $160 mark be breached, is seen down at $150. 

ETH/USD 60-minute chart

Bears are back in control as price breaks out of bearish flag structure via the 60-minute. 

 

Spot rate:                     162.80     

Relative change:          -2.95%

High:                             167.74

Low:                              160.67