- Ethereum price trades down some 0.35% in the latter stages of trading on Tuesday.
- ETH/USD price action has formed a bearish pennant pattern, seen within the 60-minute chart view.
- Bearish technical set up could be devastating for ETH/USD within the near-term.
ETH/USD 60-minute chart
Spot rate: 195.08
Relative change: -0.37%
High: 204.23
Low: 193.95
Trend: Bearish
Support 1: 195.00, lower part pennant.
Support 2: 191.77, daily pivot point support.
Support 3: 187.72, daily pivot point support.
Resistance: 196.28, upper part of pennant
Resistance: 197.25, resistance (60-minute).
Resistance: 202.05, daily pivot point resistance.
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