- Ethereum price on Monday in the second half of the day holding decent gains of 4%.
- ETH/USD bulls extend further out from a bearish pennant structure, which has contained price.
- The door has been left open for further upside, given the escape from the noted technical structure.
Spot rate: 231.66
Relative change: +4.05%
ETH/USD 60-minute chart
- Near-term price action via the 60-minute chart view has seen a bearish shooting star candlestick, indicating a small pullback could be seen.
ETH/USD daily chart
- The bulls are extending north following the escape from a bearish pennant set up.