- Ethereum price in the second half of Monday is trading in the red, down some 2.30%.
- ETH/USD is moving within a bearish technical structure via the daily, pennant subject to a potential breakout south.
- A break of the noted pattern could invite a fresh wave of selling pressure, with a possible move below $200.
Spot rate: 211.43
Relative change: -2.30%
High: 216.69
Low: 209.78
ETH/USD daily chart
- Price action is moving within a bearish pennant structure as seen via the daily chart view.
ETH/USD 30-minute chart
- The price via the 30-minute chart view has broken out south from an ascending trend line of support.
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