- Ethereum price is trading in the red by 3.30% in the session on Thursday.
- ETH/USD continues to move within a very tight range, breakout looming.
- The price has failed to find any direction since the stabilization from selling some two weeks ago.
ETH/USD daily chart
Further selling pressure can still not be ruled out, as the price is moving within a bearish flag structure, seen since 13 March.
Price action is breaking out to the downside from a narrowing range block formation.
Spot rate: 134.37
Relative change: -1.40%