- Ethereum price on Tuesday is trading in negative territory, nursing losses of some 1.80%.
- ETH/USD is retesting the breached daily pennant structure, following the firm escape on Monday.
- Some supply can be observed around the $230-240 price range, limiting the bulls at present.
Spot rate: 229.28
Relative change: -1.80%
High: 239.56
Low: 225.85
ETH/USD 60-minute chart
- Near-term price action is being supported to the upside by an ascending trend line.
ETH/USD daily chart
- The bears forcing the price to retest the breached pennant structure seen via the daily.
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