- Ethereum price is trading in the green by 5.00% in the session on Tuesday.
- ETH/USD is breaking down a chunky area of supply, that runs from $220-230.
- The next likely target for the bulls to the north is eyed up at $250.
ETH/USD daily chart
The price has not traded above the noted area $220-230 since July 2019, when the mark was heavily in control of the bears.
ETH/USD 60-minute chart
Price action via the 60-minute chart view is breaking out of a narrowing range block formation.
Spot rate: 221.10
Relative change: +5.00%
High: 235.29
Low: 232.43
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