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  • 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.