Ethereum technical analysis: ETH/USD critical ascending trend line retest

• Ethereum price is trading in the red, down over 2.5% the second part of the session on Tuesday.
• ETH/USD bears are testing a critical ascending trend line of support.
• The price is remains stuck within a bearish trend, following a strong May-June.

Spot rate:                   211.50

Relative change:       -2.60%

High:                          217.29

Low:                           208.47

ETH/USD 60-minute chart

• Since the bears forced a critical near-term ascending trend line breakout via the 60-minute, ETH/USD has been sucked within a descending channel to the south.

ETH/USD daily chart

• Big trend line test is being seen by the bears, a breach could invite another strong wave of selling.