- Ethereum price is trading in negative territory, nursing losses of some 2.60% on Thursday.
- ETH/USD smashed out from breached daily pennant structure, making way for further downside.
- The price is heading down to the a big area of potential support at $150.
Spot rate: 168.50
Relative change: -2.60%
ETH/USD daily chart
- The price is narrowing within a pennant, following the breakout of a bearish flag earlier in the month.
ETH/USD 60-minute chart
- Price action via the 60-minute chart view is moving within consolidation mode, attempting to stabilise. The price however is still vulnerable to further downside pressure.