ETH/USD vulnerabilities remain tilted to the downside

Fibo Quantum

  • Ethereum price is trading in negative territory, nursing losses of some 1.70% on Friday.
  • ETH/USD is seeing a lack of direction, no commitment at present. 
  • The price is moving within a bearish pennant via the daily, as seen with some of its peers. 

 

Spot rate:                 215.61

Relative change:      -1.63%

High:                         219.31

Low:                          212.84

ETH/USD 60-minute chart

  • Near-term ascending trend line is being tested to the downside by the bears via 60-minute chart.

 

ETH/USD daily chart

  • Price action via the daily is stuck within the confinements of a bearish pennant.