- Ethereum price is trading in the red by 0.25% in the session on Monday.
- ETH/USD bulls are trying to break down the heavy supply ahead of the psychological $200.
- A break back into $200 could be what the bulls need for a further strong push.
ETH/USD weekly chart
The bulls must break and close above weekly resistance at $195, for greater upside pressure.
ETH/USD daily chart
A heavy amount of near-term supply should be noted at the range of $170-190 via the daily chart.
Spot rate: 187.97
Relative change: -0.25%
High: 195.35
Low: 186.56