Ken Chigbo
Independent Analyst
- 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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