- Ethereum price on Thursday is trading in the red by just over 1%, as the bears remain in control.
- ETH/USD continues to head south, after completely losing ground on the early month upside momentum.
- There is a glimmer of hope, as the price moves within a bullish pennant pattern structure.
Spot rate: 163.85
Relative change: -1.32%
High: 166.67
Low: 162.25
ETH/USD 60-minute chart
- Near-term price action is moving within somewhat of a bearish pennant/flag structure, which contradicts a bullish pennant eyed via the daily.
ETH/USD daily chart
- Price action via the daily is moving within a bullish pennant pattern formation, as a breakout higher is still eyed.
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