Ethereum technical analysis: ETH/USD renewed life comes into action for the bulls
|- Ethereum price is trading in the green, up 4.40% the session on Monday.
- ETH/USD price action is moving within a bearish flag structure via the daily.
- Heavily daily supply should be noted at $180, a breach would open door to another wave of upside.
ETH/USD daily chart
Price action takes a decent bounce off the lower trend line as part of a bearish flag, structure.
ETH/USD 60-minute chart
The price is breaking above a descending trend line via the 60-minute chart view.
Spot rate: 177.74
Relative change: +4.40%
High: 177.70
Low: 168.83
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