Ethereum technical analysis: ETH/USD breakout and retest of the daily bearish flag remains in play
|- Ethereum price is trading in the green, up 0.55% the session on Monday.
- ETH/USD has broken out and the retest of a bearish flag structure continues to be observed.
- Strong resistance is observed via the $180 price territory, which was the lower acting trend line of the flag.
ETH/USD daily chart
The price is vulnerable to further downside momentum if the retest is met with rejection.
ETH/USD 60-minute chart
Supply is seen ahead of the $180 area, ranging from $178-179 via the 60-minute.
Spot rate: 176.58
Relative change: +0.55%
High: 178.28
Low: 173.61
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