- Ethereum trades flat on Tuesday after moving into a consolidation pattern.
- The chart is still in an uptrend but a break of 218.10 would change things.
ETH/USD 1-Hour Chart
Ethereum has been bullish for a while now but since the price hit 230.90 the price has retraced somewhat.
Now the price has pulled back and consolidated we can see a triangle formation.
The low of 218.17 is now the consolidation low to keep an eye on.
If that level breaks it could indicate a deeper pullback is to come.
On the topside, 225.00 is the wave high that needs to be taken out for the bulls to get excited.
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Additional Levels
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