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  • Ethereum price is trading in the red by 2.10% in the session on Monday. 
  • ETH/USD price action is moving within a narrowing pennant structure, room for the bulls to capitalize. 
  • Critical support should be noted via the $250-40 price range, propping up ETH.

ETH/USD weekly chart

Weekly resistance should be noted at the range of $270-90, a breakdown here should invite a strong wave of buying momentum. 

ETH/USD daily chart

A bullish pennant is viewable via the daily, ETH/USD has been moving within this since 14 February. 

 

Spot rate:                     265.83

Relative change:          -2.10%

High:                             278.07

Low:                              264.01

 

 

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