- Ethereum price is trading in the red, up 1.50% the session on Tuesday.
- ETH/USD price action is largely capped to the upside by daily supply zone, $180-200.
- The rally of Monday is being sold by the bears, upside proving to be unsustainable across the market.
ETH/USD daily chart
Price action is limited to the upside, the bulls continue to have problems with supply heading into the psychological $200 mark.
ETH/USD 60-minute chart
A bullish flag structure can be observed via the 60-minute chart view, subject to a potential breakout higher.
Spot rate: 179.15
Relative change: -1.50%