RATE Group | ETH/USD despite daily gains subject to a potential breakout south given a bearish flag
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ETH/USD despite daily gains subject to a potential breakout south given a bearish flag

15 Oct ETH/USD despite daily gains subject to a potential breakout south given a bearish flag

Posted at 12:38h in Ethereum News by

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  • Ethereum price is trading in the green marginally, down 2.60% the session on Monday.
  • ETH/USD is moving within consolidation mode within a bearish flag structure. 
  • The next major area of attraction for the bulls will likely be the pychological $200 mark.  

 

ETH/USD daily chart

Price action is moving within a bearish flag structure, subject to potential breakout south despite the daily gains. 

ETH/USD 60-minute chart

Near-term price action has broken out to the upside from a narrowing range-block formation. 

 

Spot rate:                  186.07

Relative change:      +2.60%

High:                         187.89

Low:                          180.73

 

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