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Ethereum technical analysis: ETH/USD price remains at risk of full blown bear attack

  • Ethereum price is trading in minor positive territory, up 0.10% the session on Tuesday.
  • ETH/USD price action is moving within a bearish flag structure via the daily.
  • Strong daily supply should be noted at $180, a breach would open door to another wave of upside.  

 

ETH/USD daily chart

Price action remains within the confinements of a bearish flag structure via the daily chart view.  

ETH/USD 60-minute chart

Heavy supply can be observed via the 60-minute view at the $185 price territory.  

 

Spot rate:                   177.74

Relative change:       +0.10%

High:                          185.30

Low:                           179.27

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