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  • Ethereum price is trading in the red by 0.40% in the session on Monday. 
  • ETH/USD has been falling for three consecutive sessions, with the price losing last week’s upside momentum. 
  • The price has been forced to reverse some of the strong gains made last week. 

 

ETH/USD daily chart

The bears are really testing critical daily support around the range of $250-230, a breach could be very punishing.

ETH/USD 60-minute chart

Price action is making an attempt to move out from a bearish pennant structure. An hourly closure back above this would void the downside technical pattern. 

 

Spot rate:                     257.80

Relative change:          -0.40%

High:                             261.50

Low:                             242.72

 

 

Expert score

5

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