• Ethereum price on Monday is trading up with very minor gains of just over 0.80% in the second part of the session. 
  • ETH/USD price action via the daily chart view is moving within a bullish pennant pattern formation.
  • The bulls still have their sights on a retest of the big $200 price territory. 

Spot rate:                  171.57

Relative change:      +0.80%

High:                         172.85

Low:                          168.56

 

ETH/USD 60-minute chart

  • The bulls managed to break above a descending trend line formation, inviting some near-term upside pressure, via the 60-minute view. 

 

ETH/USD daily chart

  • Price action is moving within a bullish pennant pattern structure, subject to a breakout. 


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