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  • Ethereum  price in the second half of Tuesday has rebounded after a soft session on Monday, holding gains of 2.50%.  
  • ETH/USD daily chart view sees a bullish flag formation, subject to a breakout.  
  • Should the bulls manage to capitalize on the technical flag structure, eyes will be on another attempt at reclaiming $200.  

 

Spot rate:                  160.92

Relative change:      +2.52%

High:                         162.84

Low:                          156.81

 

ETH/USD 60-minute chart

  • The price is moving within a horizontal channel, which could be viewed as a bearish flag, somewhat contradictory on the daily set up.  

 

ETH/USD daily chart

  • Price action is moving within a bullish flag structure, subject to a breakout via the daily view.