The Ethereum price in the back end of trading on Friday is seen trading with minor gains of some 1.33%. ETH/USD price action remains within the confinements of a bearish pennant structure via the daily frame. The Ethereum price in the latter part of trading on Friday was holding very minor gains of some 1.40%. Bulls bounced back across the cryptocurrency market today, after their absence during Thursday, where much cooling was observed. ETH/USD price action continues to move within a bearish pennant pattern structure, subject to potential downside risks. The formation of this has been taking shape since the back end of February, after the big drop on 24th February. Technically, given the above-mentioned pattern formation, risks do appear to be pointing to the downside. Key near-term underlying support is seen at $135, the lower tracking trend line of the bearish pennant. Resistance to the upside is observed just above at $141, a daily break and closure above would rule out this bearish structure. ETH/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY plummets alongside Wall Street, inverted yields’ curve adds pressure FX Street 4 years The Ethereum price in the back end of trading on Friday is seen trading with minor gains of some 1.33%. ETH/USD price action remains within the confinements of a bearish pennant structure via the daily frame. The Ethereum price in the latter part of trading on Friday was holding very minor gains of some 1.40%. Bulls bounced back across the cryptocurrency market today, after their absence during Thursday, where much cooling was observed. ETH/USD price action continues to move within a bearish pennant pattern structure, subject to potential downside risks. The formation of this has been taking shape since the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
