Ethereum technical analysis: ETH/USD vulnerabilities remain largely tilted to the downside

Fibo Quantum

  • Ethereum  price in the second half of Monday, holding losses of some 1.30%.
  • ETH/USD like some of its peers is moving within a bearish pennant via the daily view.. 
  • There is psychological support at the $200 mark, in confluence to the lower acting trend line of the pennant. 

 

Spot rate:                 206.48

Relative change:      -0.75%

High:                         215.11

Low:                          205.89

ETH/USD 60-minute chart

  • A near-term bearish flag is seen via to 60-minute, which is observed across the board with a number of its peers.

 

ETH/USD daily chart

  • A bearish technical pennant is subject to a potential breakout to the downside. 

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