- Ethereum price is trading in the red, down 3.30% the session on Thursday.
- ETH/USD is breaking out from a bearish flag structure, which is inviting further sellers.
- Resistance is observed via the $180 price territory, which was the lower part of the recent breached range.
ETH/USD daily chart
Price action has breached a bearish flag structure, leaving the door open to further downside.
ETH/USD 60-minute chart
Near-term price action has smashed out from a range-block structure, with the retest in play.
Spot rate: 177.93
Relative change: +1.85%