ETH/USD big retest in play of recently breached range

  • Ethereum price is trading in the red, down 3.30% the session on Thursday.
  • ETH/USD is breaking out from a bearish flag structure, which is inviting further sellers. 
  • Resistance is observed via the $180 price territory, which was the lower part of the recent breached range. 

 

ETH/USD daily chart

Price action has breached a bearish flag structure, leaving the door open to further downside. 

ETH/USD 60-minute chart

Near-term price action has smashed out from a range-block structure, with the retest in play.  

Spot rate:                  177.93

Relative change:      +1.85%

High:                         178.19

Low:                          172.95

 

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