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Ethereum Technical Analysis: ETH/USD one small barrier away from $200

  • Ethereum price on Tuesday is trading in firmly in the green up some 2.15% in the second half of the day.
  • ETH/USD bulls are still pushing for a reclaim of the $200 price territory, making good ground for this.  
  • There is much daily supply tracking from $180-185, bulls are chipping away here for a move back to $200.  

 

Spot rate:                   180.50

Relative change:       +2.45%

High:                          183.77

Low:                           175.63

ETH/USD 60-minute chart

  • Price action is moving within a range-block formation, subject to a breakout via the 60-minute view.

 

ETH/USD daily chart

  • Bulls are in the process of breaking down supply ahead of $200, tracking from $180-185.

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