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  • Ethereum on Tuesday is trading marginally in the green, small gains of some 0.90%
  • ETH/USD like many of the other major cryptocurrencies is trading within a narrowing pennant structure.  
  • Heavy defending can be seen at the psychological $200 price mark.  

Spot rate:                   212.09

Relative change:       +0.66%

High:                          214.54

Low:                           204.09

ETH/USD 60-minute chart

  • Decent near-term demand zone is observed from $205-200 price range.  

ETH/USD daily chart

  • A daily pennant structure continues to contain the price within a bearish pennant.