- Ethereum price is trading in negative territory, nursing losses of some 2.60% on Friday.
- ETH/USD is retesting a breached daily pennant structure, failing to push above at the time of writing.
- The pychological $200 mark is now proving to see sellers preventing the price push back above.
Spot rate: 196.78
Relative change: -1.63%
ETH/USD daily chart
- The price is narrowing within a penannt, 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 a triangular structure.