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Ethereum Price Analysis: ETH/USD remains heavily at risk of fall

  • Ethereum price is trading in the green by 6.15% in the session on Monday. 
  • ETH/USD continues to move within a very tight range, breakout looming via the daily. 
  • The price for the last two weeks has offered little direction, but closing in the green.
Ethereum Price Analysis: ETH/USD remains heavily at risk of fall
Ken ChigboKen ChigboIndependent Analyst

ETH/USD weekly chart

The price closed the week marginally in negative territory, as price action remains narrow. A strong range of resistance runs from $130-150. 

ETH/USD daily chart

Downside risks persist for ETH/USD, the price has been moving within a bearish flag since 13 March. 

Spot rate:                     132.07

Relative change:          +6.15%

High:                             135.12

Low:                              124.17

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
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