- Ethereum price is trading in the red, down over 0.65% in the session on Friday.
- ETH/USD maintains downside pressure, after a short-lived push higher on Wednesday, which has proven to be unsustainable.
- Bull rallies continue to be sold, given the stubborn trend to the south.
ETH/USD weekly chart
Sellers have been in control for the last six consecutive weeks, forcing closures in the red.
ETH/USD daily chart
The price has managed to find some daily support at the $120 price mark, resistance should be noted at $132.
Spot rate: 127.50
Relative change: -0.65%