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  • Ethereum price is trading in the red by 1.70% in the session on Thursday. 
  • ETH/USD price action has hit a double top area at $285 seen on 14 and 18 February.
  • The bears are trying to regather momentum, running at two sessions in the red. 


ETH/USD daily chart

The neckline support area of the noted double top formation is tracking around the $240 mark.

ETH/USD 60-minute chart

Price action is breaking out to the downside from a bearish pennant structure, via the 60-minute chart view. 


Spot rate:                     279.84

Relative change:          -1.70%

High:                             264.05

Low:                              253.85