- Ethereum price is trading down some 5% in the second half of the session on Thursday.
- ETH/USD price action via the 60-minute chart view is moving within a bearish penannt structure.
- Next major demand zone to the downside eyed at around $230, should the bears manage to further press south.
Spot rate: 273.54
Relative change: -5.19%
ETH/USD 60-minute chart
- Price action is moving within a bearish pennant via the 60-minute, subject to a potential move south.
ETH/USD daily chart
- An extension to the downside was seen following a key daily trend line failing to hold the price.