Search ForexCrunch
  • Ethereum  price in the session on Monday is trading in positive territory by some 3.50%.
  • ETH/USD bulls are testing a strong area of supply, former acting demand, $200-205.  
  • Should the noted zone be broken down, a heavy wave of buying pressure may shortly follow.  

 

Spot rate:                   201.47

Relative change:       +3.50%

High:                          202.77

Low:                           193.05

 

ETH/USD daily chart

  • Price action is moving within a significant zone of $200-205 range, prior acting demand zone.  

ETH/USD 15-minute chart

  • Price action near-term is within consolidation mode, forming possible penannt structure.