- Ethereum price is trading in the green by 0.40% in the session on Tuesday.
- ETH/USD is running at two consecutive sessions in the red, after $190 rejection.
- Price action remains within the confinements of a bearish flag structure.
ETH/USD daily chart
The price has been grinding higher since bouncing back from harsh selling in March, forming a flag pattern from 13 March. A breakout south would invite a fresh wave of downside pressure.
ETH/USD 60-minute chart
A near-term flag is observed via the 60-minute chart, of which the bears have forced a breakout to the downside.
Spot rate: 171.32
Relative change: +0.40%
High: 174.84
Low: 168.41
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