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  • Ethereum price is trading in the green, up 5.90% the session on Monday.
  • Daily support holding for now around the $130 mark, as the price attempts to stabilize.  
  • ETH/USD is at risk of falling towards the next major zone of resistance seen at $120-105 range.  

 

ETH/USD weekly chart

Price action is running towards its third consecutive week in the red, trading at the lowest levels seen since March.  

ETH/USD daily chart

The price is retesting a breached demand zone, now new resistance at $150-160 range.  

Spot rate:                  147.10

Relative change:       +5.90%

High:                          150.46

Low:                           132.48