- Ethereum price was seen trading firmly in the green late on Monday, up around 9%.
- There is much anticipation across the community ahead of the Ethereum Constantinople upgrade.
The Ethereum price in the latter part of trading on Monday was seen holding decent gains of 9%. A chunky amount of life was kicked back into the bulls, something observed very much across the sector, led by Bitcoin Cash and Ethereum.
ETH/USD price action shot to its highest levels hit since 10th January, it has now gained over 40% since 8th February. There is much anticipation heading into the Ethereum Constantinople hard fork, which is due to take place next week.
In terms of the technical review, there is resistance observed at the $150 area, ahead of the big $200 mark. Looking via the confluence detector; $152.41, daily pivot point resistance, $163.02, previous month higher are both potential barriers for the bulls to tackle.
ETH/USD daily confluence detector
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