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  • 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