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Ethereum Price Analysis: ETH/USD has a big bull opportunity if $185-190 is broken down

Published date: 20 Apr. 2020 | 15:12

Ethereum price is trading in the red by 0.55% in the session on Monday.
ETH/USD moving within consolidation mode, with market commitment nearing.
Heavy supply should be noted at the range of $180-190, capping upside.

ETH/USD weekly chart

The market bulls are enjoying a three consecutive week run to the upside. However, weekly resistance remains tough at $190.

ETH/USD daily chart

Price action has been somewhat narrowing over the last two sessions, after a strong bull flag breakout.

Spot rate: 153.38

Relative change: -0.55%

High: 186.67

Low: 173.35

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