- Ethereum price is trading in the red by 3.30% in the session on Friday.
- ETH/USD is running towards a complete reversal of 2020 gains.
- The price has been falling for two consecutive weeks, with no sign of respite.
ETH/USD weekly chart
The next critical area of support is eyed down at the depressed levels of $140, where an ascending trend line can be observed.
ETH/USD daily chart
A daily zone of support should be noted at the range of $230 - 210. Failure to hold could prove to be punishing, in forcing the price back down to the noted $140 weekly support.
Spot rate: 230.78
Relative change: -3.30%