Ethereum technical analysis: ETH/USD despite daily gains subject to a potential breakout south given a bearish flag
|- Ethereum price is trading in the green marginally, down 2.60% the session on Monday.
- ETH/USD is moving within consolidation mode within a bearish flag structure.
- The next major area of attraction for the bulls will likely be the pychological $200 mark.
ETH/USD daily chart
Price action is moving within a bearish flag structure, subject to potential breakout south despite the daily gains.
ETH/USD 60-minute chart
Near-term price action has broken out to the upside from a narrowing range-block formation.
Spot rate: 186.07
Relative change: +2.60%
High: 187.89
Low: 180.73
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