Ethereum Technical Analysis: ETH/USD price set to return to pre-November fall territory, big

  • Ethereum price Monday is trading with gains of some 6.5% in the second half of the day, as the bulls storm higher. 
  • ETH/USD price looking to stabilize within the $200 price territory, trading at the highest level since 14th November. 
  • Next major target area of interest for the bulls will likely be the $220 area, pre-November fall territory. 

 

Spot rate:                  202.62

Relative change:      +6.57%

High:                         207.18

Low:                          185.77  

 

ETH/USD 60-minute chart

  • Bulls are attempting to breakdown the near-term supply area around the $205 price mark.

 

ETH/USD daily chart

  • Next major barrier is seen just ahead at the $220 area via the daily, which would complete recovery of the November 2018 drop. 

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