- 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.
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