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Ethereum Price Analysis: ETH/USD can fly if $270-290 supply zone is broken down

  • Ethereum price is trading in the red by 1.40% in the session on Tuesday. 
  • ETH/USD price action is very much choppy, as seen over the last seven sessions. 
  • The bulls must break down a barrier of resistance running around the $270-290 range. 

ETH/USD daily chart

 A decent bounce has been observed at $238, around the current low of the session and sessions of 12 and 16 February. 

ETH/USD 60-minute chart

Price action has run into supply via the 60-minute at a range of $270-275.

 

Spot rate:                     264.45

Relative change:          -1.40%

High:                             271.78

Low:                              259.45

 

 

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