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  • Ethereum price in the second half of Tuesday is trading in the red, down some 2.50%.  
  • ETH/USD price action remains stuck within a bearish pennant structure, subject to a breakout.  
  • Price action via the daily chart view is constructing a potential inverse head and shoulders pattern.

 

Spot rate:                  205.46

Relative change:       -2.50%

High:                         211.39

Low:                         208.01

ETH/USD daily chart

  • Price action is stuck within a bearish pennant structure, subject to a breakout.

ETH/USD 60-minute chart

  •  Buyers are trying to protect the psychological $200, which remains vulnerable.