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  • Ethereum price in the second half of the  session on Tuesday was trading marginally in the red, down some 0.35%.
  • ETH/USD hunting for the next area of support following key breakout to the downside from an ascending formation.
  • The next major area of potential comfort is seen down at around the $130 territory.  

 

Spot rate:                  133.51

Relative change:       -0.35%

High:                         134.80

Low:                          132.58

 

Trend:                        Bearish/Neutral  

ETH/USD 60-minute chart

  • Support saves price, for  now, demand area running from $131-132 range.  
  • Price action capped to the upside by hourly resistance seen at $134.50.  

ETH/USD daily chart

  • Bears are gradually extending the price south, following the critical breakout of a key supporting trend line, as part of a wedge formation.