Search ForexCrunch
  • Ethereum price is trading in the red by some 0.35% in the session on Friday.  
  • ETH/USD price action continues to move within a bearish nature, forming technical patterns for moves south.  
  • The next major level to the downside eyed down at the psychological $100 price mark.  

 

ETH/USD weekly chart

ETH/USD is running towards its seventh consecutive week in the red. The next major support areas to the downside are eyed at $100 and then $80 via the weekly.  

 

ETH/USD daily chart

Price action is moving within another bearish pennant pattern via the daily, subject to a potential breakout south.  

 

Spot rate:                     124.75

Relative change:         -0.40%

High:                             126.55

Low:                             122.32