ETH/USD renewed life comes into action for the bulls

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  • Ethereum price is trading in the green, up 4.40% the session on Monday.
  • ETH/USD price action is moving within a bearish flag structure via the daily.
  • Heavily daily supply should be noted at $180, a breach would open door to another wave of upside. 

 

ETH/USD daily chart

Price action takes a decent bounce off the lower trend line as part of a bearish flag, structure.

ETH/USD 60-minute chart

The price is breaking above a descending trend line via the 60-minute chart view. 

 

Spot rate:                  177.74

Relative change:      +4.40%

High:                         177.70

Low:                          168.83

 



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