- Ethereum price late on Tuesday managed to get back to trading in minor positive territory.
- ETH/USD looking to stage a rebound after a vital supporting trend line break.
The Ethereum price in the latter part of trading on Tuesday was trading marginally in positive territory, up by some 0.29%. Market bulls managed to come back to life after taking a beating early on in the session.
ETH/USD bears had been extending the price to the downside, after a vital trend line breakout south. However, the bulls on Tuesday have been fighting to prevent that free-fall from occurring in the session.
Given an attempt at staging a recovery, eyes must be on the next big potential barriers. Firstly; $134.86, a chunky area of resistance, $136.25, weekly 23.6% Fibonacci monthly pivot point support. In terms of downside barriers of support; $132.07, daily 50SMA and weekly pivot point support, $129.28, pivot point support.
ETH/USD daily confluence detector
Share
