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  • Ethereum price is trading in the red, down 3.05% the session on Friday.
  • ETH/USD has broken out and retested a bearish flag structure, leaving the door open to greater downside momentum.  
  • Resistance is observed via the $180 price territory, which was the lower part of the recent breached range.  


ETH/USD daily chart

The price is vulnerable to further  downside momentum, following the bear flag breach.  


ETH/USD 60-minute chart

Price action is narrowing within a range-block formation, subject to a further potential continued move south.  


Spot rate:                   172.00

Relative change:       -3.05%

High:                          177.61

Low:                           168.35