Ethereum technical analysis: ETH/USD has an opportunity for greater heights
|- Ethereum price is trading in the green, up 2.70% the session on Monday.
- ETH/USD price action is largely narrowing, which has been in the case for going on six weeks now.
- A strong barrier of resistance is observed at the psychological $200 mark.
ETH/USD weekly chart
The price via the weekly chart view is moving within a narrowing pennant structure.
ETH/USD daily chart
Price action has tightened greatly over the latest five sessions, ahead of a further committed trend.
Spot rate: 186.67
Relative change: +2.70%
High: 187.24
Low: 180.65
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