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  • Ethereum price on Monday is trading in the green with gains of around 1.4%.  
  • ETH/USD via the 60-minute broke through a key near-term trend line barrier.  
  • Via the daily chart view, there appears to be some potential vulnerabilities, as the price moves within a bearish flag.  

 

Spot rate:                  165.51

Relative change:       +0.15%

High:                          166.96

Low:                           160.56

 

ETH/USD 60-minute chart

  • The bulls managed to clear a near-term descending trend line of resistance, eyes are on the above supply area in the early $170 territory.  

ETH/USD daily chart

  • Somewhat of a bearish flag structure can be viewed via the daily chart.