- 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.