- Ethereum price is trading in the red by 1.75% in the session on Friday.
- ETH/USD moving within consolidation mode, following the huge gains in the prior session.
- Heavy supply should be noted at the range of $170-180, capping upside.
ETH/USD daily chart
A surge in upside momentum on Thursday seemingly coming as the price broke out of a narrowing five-day range, also there are prospects of a breached bullish flag retest.
ETH/USD 60-minute chart
Given current price behaviour, there is a risk of reversal, in terms of the gains made on Thursday,
Spot rate: 169.55
Relative change: -1.75%
High: 173.52
Low: 168.56
Share
