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  • Ethereum price on Monday was seen suffering, trading firmly in the red by almost 3%.
  • ETH/USD broke a key near-term supporting ascending trend line, which could force $200 to be tested to the downside.

ETH/USD 60-minute chart  

Spot rate:                   214.11

Relative change:        -2.80%

High:                            226.77

Low:                            212.40

Trend:                         Bearish

Support 1:                   212.50,  support on 60-minute chart.

Support    2:                  204.55, key near-term demand zone.

Support    3:                  200.00, psychological support handle.

Resistance 1:             219.46,  50MA (60-minute).

Resistance 2:             225.00, supply zone.

Resistance 3:             228.10, 15th September high.

Expert score

5

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