- 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.