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  • Ethereum price on Tuesday is trading up with decent gains of some 1.5% in the second part of the session.  
  • ETH/USD like others is bouncing within a bullish technical structure – pennant, subject to a breakout.  
  • The bulls are looking to regather upside momentum, which was seen at the start of the month.

Spot rate:                   175.16

Relative change:       +1.65%

High:                          177.67

Low:                           170.65


ETH/USD 60-minute chart

  • ETH/USD price action sees rejection in near-term supply area, heading into $180. Eyes on the support of ascending trend line tracking at $173-172.  

ETH/USD daily chart

  • The price is moving within the confinements of a bullish technical structure – pennant pattern, subject to a breakout.