- Ethereum facing a fresh bout of selling pressure on Monday, nursing losses over 3%.
- ETH/USD is forced to give up the huge psychological $200 mark, with renewed selling pressure.
ETH/USD 4-hour chart
Spot rate: 196.75
Relative change: -3.50%
High: 204.63
Low: 202.71
Trend: Bearish
Support 1: 195.00, demand zone.
Support 2: 192.78, 15th October low.
Support 3: 186.87, 11th October low & demand area.
Resistance 1: 203.60, 50 & 100MAs.
Resistance 2: 206.61, resistance on 4-hour chart.
Resistance 3: 215.00, supply area.