- Ethereum price in the session on Thursday is trading in negative territory by some 2.00%.
- ETH/USD extended to the downside following breakout from pennant structure.
- The price closed below the psychological support at the $200 mark, which has left the door open to further potential downside.
Relative change: -0.55%
ETH/USD daily chart
- The breach of $200 has left the door open to further downside pressure, next major support down at $150 area.
ETH/USD 4-hour chart
- The significance of that $200 floor can be observed via the 4-hour chart view.