Ethereum Technical  Analysis: ETH/USD may be a while until bulls are able to break out the $200 price territory

• Ethereum price is trading down over 2% in the latter stages of Tuesday’s session.  
• ETH/USD not been out of the $200 price territory since 1st September, where the price was marginally above $300 mark.  
• ETH/USD has been swinging within a narrow range for over 6 weeks. A high of $255 down to a low of $167.

ETH/USD daily chart  

Spot rate:                   210.05

Relative change:       -2.05%

High:                          219.43

Low:                           211.39

Trend:                        Bearish

Support 1:                 203.87, daily support.

Support  2:                 192.95, demand area.  

Support  3:                 180.80, towards bottom of 6 week range & support.

Resistance  1:            226.50, 50DMA.

Resistance  2:            245.00, supply area.

Resistance  3:            253.19, 22 September high area.