- Ethereum price on Monday seen trading in positive territory by around 2%.
- ETH/USD received much needed support from vital level, around $115 mark.
ETH/USD 15-minute chart
- Price action has been narrowing within this near-term range-block formation.
Spot rate: 130.77
Relative change: +1.80%
High: 119.58
Low: 116.48
Trend: Bearish
Support 1: 112.00, daily pivot point support.
Support 2: 107.42, daily pivot point support.
Support 3: 100.23, daily pivot point support.
Resistance 1: 123.77, daily pivot point resistance.
Resistance 2: 130.97, daily pivot point resistance.
Resistance 3: 135.55, daily pivot point resistance.
ETH/USD 4-hour chart
- The price is seen hugging around the $115 price level, a failure to hold could see another wave of pressure to the downside.
ETH/USD daily chart
- Price receives support at critical level of $115, saved for now, ahead of $100 mark.
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