- 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