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  • Ethereum price is trading in the green by 2.50% in the session on Tuesday. 
  • ETH/USD has managed to catch some respite after the bloodshed in the prior session. 
  • The price despite stabilizing somewhat remains vulnerable to downside pressure. 

 

ETH/USD 4-hour chart

Price action is just consolidating below a breached pennant structure, leaving the price vulnerable. 

ETH/USD 60-minute chart

A 60-minute bearish flag is viewable, which increases the risk for ETH/USD of another drop. 

Spot rate:                     111.71

Relative change:          +2.50%

High:                             121.33

Low:                              109.80