Ethereum Price Analysis: ETH Forming Bearish Continuation Pattern

ETH price stayed below the $107 resistance level, with bearish signs against the US Dollar.
There is a major bearish pennant formed with resistance near $106 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could accelerate losses below the $100 level if there is a bearish break below $103.Ethereum price is forming a bearish continuation pattern against the US Dollar and bitcoin. ETH/USD remains at a risk of more losses as long as it is trading below $107.
Ethereum Price Analysis