Ethereum Technical Analysis: ETH/USD downside risk remains high
05/16/2019, 04:36:03
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Spot rate: 161.06 Relative change: +0.05% High: 163.55 Low: 159.50 ETH/USD 60-minute chart As seen via the 60-minute chart view, the price is moving

  • Ethereum price in the second part of the session on Thursday is trading in minor positive up just some 0.05%. 
  • ETH/USD price action via the daily chart view is moving within an ascending channel, somewhat of a bear flag. 
  • Vulnerabilities remain pointed to the downside given current technical structures. 
  • Ethereum price in the second part of the session on Thursday is trading in minor positive up just some 0.05%. 
  • Ethereum price in the second part of the session on Thursday is trading in minor positive up just some 0.05%. 
  • ETH/USD price action via the daily chart view is moving within an ascending channel, somewhat of a bear flag. 
  • ETH/USD price action via the daily chart view is moving within an ascending channel, somewhat of a bear flag. 
  • Vulnerabilities remain pointed to the downside given current technical structures. 
  • Vulnerabilities remain pointed to the downside given current technical structures. 

     

    Spot rate:                 161.06

    Relative change:     +0.05%

    High:                        163.55

    Low:                         159.50

     

     

    ETH/USD 60-minute chart

    ETH/USD 60-minute chartETH/USD 60-minute chart
    • As seen via the 60-minute chart view, the price is moving clearly within a bearish flag formation. 
  • As seen via the 60-minute chart view, the price is moving clearly within a bearish flag formation. 
  • As seen via the 60-minute chart view, the price is moving clearly within a bearish flag formation. 

    ETH/USD daily chart

    ETH/USD daily chartETH/USD daily chart
    • Ascending channel seen via the daily chart view, subject to a potential breakout south. 
  • Ascending channel seen via the daily chart view, subject to a potential breakout south. 
  • Ascending channel seen via the daily chart view, subject to a potential breakout south.