- Ethereum price on Monday hard hit, nursing chunky losses of around 7%.
- ETH/USD remains vulnerable to further downside risks, as price breaks key near-term support.
ETH/USD 15-minute chart
- Near-term price action seen via the 15-minute is moving within consolidation mode, after the deep drop earlier.
Spot rate: 104.80
Relative change: -6.85%
High: 112.14
Low: 104.08
Trend: Bearish
Support 1: 109.42, daily pivot point support.
Support 2: 107.57, daily pivot point support.
Support 3: 104.54, daily pivot point support.
Resistance 1: 114.29, daily pivot point resistance.
Resistance 2: 117.32, daily pivot point resistance.
Resistance 3: 119.17, daily pivot point resistance.
ETH/USD 60-minute chart
- A breach and retest was seen out from the detailed range, containing price from 20th January, in a much more narrower form.
ETH/USD daily chart
- ETH/USD bears forced a breakout to the downside from a range-block formation.
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