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Ethereum Price Analysis: ETH/USD heading for the big psychological $200 price mark

FX Street

Updated: 26 Feb. 2020 | 16:02

Ethereum price is trading in the red by 6.30% in the session on Wednesday.
ETH/USD is exposed to a free-fall down to the psychological $200.
The bears have broken down a critical area of support, which was noted at $250-40 price range.

ETH/USD daily chart

The price is now running at three consecutive heavy sessions of losses in the red.

ETH/USD 60-minute chart

Markets bears have capitalized on a bearish pennant structure, inviting a fresh wave of selling pressure.

Spot rate: 259.20

Relative change: -6.30%

High: 250.24

Low: 234.54

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