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  • Ethereum price on Monday is trading up with very minor gains of just over 0.80% in the second part of the session.  
  • ETH/USD price action via the daily chart view is moving within a bullish pennant pattern formation.
  • The bulls still have their sights on a retest of the big $200 price territory.  

Spot rate:                   171.57

Relative change:       +0.80%

High:                          172.85

Low:                           168.56

 

ETH/USD 60-minute chart

  • The bulls managed to break above a descending trend line formation, inviting some near-term upside pressure, via the 60-minute view.  

 

ETH/USD daily chart

  • Price action is moving within a bullish pennant pattern structure, subject to a breakout.