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  • Ethereum price is trading in the red by 3.35% in the session on Monday. 
  • ETH/USD is back under pressure by the bears, with the critical $150 at risk of a breach.
  • The next major area of interest to the upside for the bulls will be eyed at $200. 

 

ETH/USD weekly chart

Price action has formed a potential bearish flag via the weekly chart view, at risk of a breakout to the downside. 

ETH/USD daily chart

Daily support should be noted at $150, failure to hold could be punishing for the price. 

 

Spot rate:                      153.38

Relative change:          -3.35%

High:                             158.81

Low:                              149.86