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Ethereum Price Analysis: ETH/USD stabilization is another bear attack opportunity

  • Ethereum price is trading in the green by 0.50% in the session on Tuesday. 
  • ETH/USD trading conditions are tight as the price consolidates, risks remain tilted to the south. 
  • Caution and a lack of commitment being observed, given soft investor sentiment. 

 

ETH/USD daily chart

Ethereum daily price action like many of its peers is tight, moving within the confinements of a bearish flag structure.

 

ETH/USD 60-minute chart

The price broke out of a narrowing range block formation, resting and making way for further downside. 

 

Spot rate:                     132.98

Relative change:          +0.50%

High:                             134.34

Low:                              130.69

 

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