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  • Ethereum price is trading in the red by 9.50% in the session on Monday. 
  • ETH/USD continues to move within a narrowing structure, at risk of an explosive breakout. 
  • The price has been narrowing for four sessions, forming a bearish pennant pattern. 

 

ETH/USD daily chart

Price action has formed a bearish pennant via the daily chart view, subject to another wave of downside pressure. 

ETH/USD 60-minute chart

 

Price action rising within a near-term bearish flag structure after the price bounces at sessions lows off $100. 


 

Spot rate:                     111.71

Relative change:          -9.50%

High:                             123.91

Low:                              100.72

 

 

Expert score

5

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