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  • Ethereum price on Tuesday nursing minor losses of just some 1.8% in late part of the session.
  • ETH/USD near-term recovery momentum seen, thanks to a receiving a boost from the double bottom pattern.
  • Bulls will be eyeing a return up to $120, neckline of the double bottom.

ETH/USD 60-minute chart


 
 

Spot rate:                   107.20

Relative change:       -1.85%

High:                          109.03

Low:                           101.07

 

Trend:                         Bearish

 

Support 1:                   102.80, daily pivot point support.

Support 2:                   96.71, daily pivot point support.

Support 3:                   88.48, daily pivot point support.

Resistance 1:              117.12, daily pivot point resistance.

Resistance  2:              125.36, daily pivot point support.

Resistance  3:              131.45, daily pivot point support.