Ethereum technical analysis: ETH/USD big barrier at $235
|- Ethereum price is nursing losses of some 4% in the latter stages of trading on Monday.
- ETH/USD bulls continue to get hit with rejection at $235, a big daily resistance level.
- Given the downside pressure eyes will be on the below demand for support $200-190 price range.
Spot rate: 216.14
Relative change: -4.25%
High: 228.13
Low: 212.75
ETH/USD 60-minute chart
- A critical near-term ascending trend line of support has been breached by the bears via the 60-minute view.
ETH/USD daily chart
- A chunky daily barrier is seen at $235, a prior acting level of support, now heavy resistance.
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