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Ethereum technical analysis: ETH/USD extreme narrow conditions subject to a breakout

FX Street

Updated: 14 Nov. 2019 | 19:02

Ethereum price is trading marginally in the red, down 1.90% the session on Thursday.
ETH/USD trading within very narrow conditions, the daily range is $180-195.
The price continues to have difficulty trading to break down the resistance ahead of the big $200 mark.

ETH/USD weekly chart

Price action has been narrowing greatly within the last seven weeks.

ETH/USD daily chart

The price is moving within a narrowing triangular structure, subject to a breach.

Spot rate: 184.60

Relative change: -1.90%

High: 187.34

Low: 182.21

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