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  • Ethereum facing a fresh bout of selling pressure on Monday, nursing losses over 3%.
  • ETH/USD is forced to give up the huge psychological $200 mark, with renewed selling pressure.  

 

ETH/USD 4-hour  chart  


 

Spot rate:                   196.75

Relative change:       -3.50%

High:                          204.63

Low:                           202.71

 

Trend:                        Bearish

 

 

Support 1:                  195.00, demand zone.

Support  2:                  192.78, 15th October low.

Support  3:                  186.87, 11th October low & demand area.

Resistance  1:             203.60, 50 & 100MAs.

Resistance  2:             206.61, resistance on 4-hour chart.

Resistance  3:             215.00, supply area.