- Ethereum price nursing losses of over 2% on Monday, inline with a softening seen across the crypto market.
- ETH/USD has been forming a big bull flag seen on the 60-minute chart.
- Another extended move to breakdown the $300 territory looks possible.
ETH/USD 60-minute chart
Spot rate: 64.837
Relative change: -2.13%
High: 66.585
Low: 64.286
Trend: Bearish
Support 1: 287.50, 100MA.
Support 2: 284.20, lower part of bull flag.
Support 3: 281.20, support on 60-minute chart.
Resistance 1: 290.90, resistance on 60-minute chart.
Resistance 2: 292.00, upper part of bull flag.
Resistance 3: 293.35, 50MA.
Share
