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  • Ethereum price is seen nursing minor losses just shy of 1% in the session on Monday.  
  • ETH/USD has formed another bearish pennant pattern with recent price action.

 

 

ETH/USD daily chart


 

Spot rate:                    315.17

Relative change:        -0.87%

High:                           323.55

Low:                            312.78

Trend:                         Bearish.
 

Support 1:                  315.00, lower part of pennant.  

Support 2:                  312.85, (support on 60-minute chart).

Support 3:                  310.00, demand zone.

Resistance 1:              318.60, 50MA.

Resistance 2:             321.90, upper part of pennant.  

Resistance 3:             335.10, 100MA.