- Ethereum price on Monday is trading in minor positive territory by 1.20%.
- ETH/USD upside remains capped by the big pychological $200 price mark.
- Price action is stuck within another daily bearish pennant structure, subject to downside risks.
Spot rate: 188.93
Relative change: +1.20%
High: 194.20
Low: 186.52
ETH/USD daily chart
- Daily price action is very much narrowing, subject to a breakout south within pennant structure.
ETH/USD 60-minute chart
- The downside is capped by decent buyers protecting the $180 price territory via the 60-minute.
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