Ken Chigbo
Independent Analyst
- Ethereum price is trading in the red by 0.55% in the session on Monday.
- ETH/USD moving within consolidation mode, with market commitment nearing.
- Heavy supply should be noted at the range of $180-190, capping upside.
ETH/USD weekly chart
The market bulls are enjoying a three consecutive week run to the upside. However, weekly resistance remains tough at $190.
ETH/USD daily chart
Price action has been somewhat narrowing over the last two sessions, after a strong bull flag breakout.
Spot rate: 153.38
Relative change: -0.55%
High: 186.67
Low: 173.35
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