Ethereum technical analysis: ETH/USD upped is largely capped by two big barrier; $180 and $200
|- Ethereum price is trading in positive territory, small gains of some 0.40% on Monday.
- ETH/USD since smashing below the big pychological $200 mark, has failed to regather upside momentum.
- The price has a chunky barrier at $180 and then $200 to the upside.
- In terms of next major support, this is seen down at the $150 territory.
Spot rate: 171.47
Relative change: -0.10%
High: 171.95
Low: 170.62
ETH/USD daily chart
- The price has been left exposed following the breakout below the $200 zone and then key support at $180.
ETH/USD 60-minute chart
- Price action is moving within a narrowing range-block, which could even be eyed as a bearish flag structure.
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