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Ethereum technical analysis: ETH/USD narrowing triangular structure to breach

FX Street

Published date: 11 Nov. 2019 | 21:57

Ethereum price is trading in the red, down 1.70% the session on Monday.
ETH/USD trading conditions are extremely narrow, which has been the case since late September.
Heavy resistance is observed ahead of the big $200 mark, which bulls are struggling to regain.

ETH/USD weekly chart

Despite the narrowing conditions, the price over the last four weeks has finished in the green.

ETH/USD daily chart

Price action is moving within a narrowing triangular structure, subject to a breakout.

Spot rate: 184.13

Relative change: -1.70%

High: 190.28

Low: 184.77

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