Ethereum technical analysis: ETH/USD the downside risks still loom

• Ethereum price on Friday in the latter part of the session is trading up some 1%.
• ETH/USD failed to see that critical daily closure out of bearish pennant structure.  
• The price continuing to remain within the bearish structure keeps it vulnerable to downside risks.  

Spot rate:                  219.79

Relative change:       +1.05%

High:                          222.75

Low:                           215.84

ETH/USD 60-minute chart

• There is little in terms of committed direction, given the narrowing range-block seen via the 60-minute.  

ETH/USD daily chart

• The price action further narrows within the noted daily pennant structure.