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  • Ethereum price is trading in the red by 0.80% in the session on Friday. 
  • A demand zone can be seen at the range of $160-150, which is at risk of a breach. 
  • Next major daily support should be noted at $140, failure to hold then eyes on $120. 

 

ETH/USD daily chart

The price is running at three consecutive sessions in the red. A breach of the detailed $160-150, will op[en the door to $140 and then $120. 

ETH/USD 60-minute chart

Selling has been harsh following a breakout of a 60-minute bearish flag pattern. 

 

Spot rate:                     161.48 

Relative change:          -0.80%

High:                             163.03

Low:                              155.21