- Ethereum holding gains over 6.5% into the afternoon on Monday, thanks to a pick up across the market.
- ETH/USD bulls make a breakout to the upside from a near-term range-block, as seen on the 15-minute.
- Upside capped for now by the high area seen between 12-13 December.
ETH/USD 15-minute chart
Spot rate: 90.85
Relative change: +6.55%
High: 92.36
Low: 85.10
Trend: Bullish
Resistance 1: 91.70, high area 12-13 December.
Resistance 2: 92.09, daily pivot point resistance.
Resistance 3: 97.00, upper part of range block.
Support 1: 83.58, daily pivot point support.
Support 2: 81.75, daily pivot point support.
Support 3: 79.33, daily pivot point support.
ETH/USD 60-minute chart
- Upside capped for now at high area seen between 12-13 December.
ETH/USD 4-hour chart
- Bulls will need to chop down $97 area, for greater upside and to see a fast move back well into $100 territory.