- Ethereum price is trading in the green by 4.95% in the session on Monday.
- ETH/USD is at risk of another potential fall, given the recent tight trading range.
- The price has been hit by the market bears for two consecutive weeks.
ETH/USD weekly chart
Weekly support should be noted around $22010, failure to hold should force steep selling. The price would be vulnerable to a 2020 reversal.
ETH/USD daily chart
Price action via the daily chart view is moving within a bearish pennant structure, subject to a breakout.
Spot rate: 228.52
Relative change: +4.95%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.