Ken Chigbo
Independent Analyst
- Ethereum price is trading in the red by 3.35% in the session on Monday.
- ETH/USD is back under pressure by the bears, with the critical $150 at risk of a breach.
- The next major area of interest to the upside for the bulls will be eyed at $200.
ETH/USD weekly chart
Price action has formed a potential bearish flag via the weekly chart view, at risk of a breakout to the downside.
ETH/USD daily chart
Daily support should be noted at $150, failure to hold could be punishing for the price.
Spot rate: 153.38
Relative change: -3.35%
High: 158.81
Low: 149.86
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