ETH/USD has an opportunity for greater heights

  • Ethereum price is trading in the red, up 0.40% the session on Tuesday.
  • ETH/USD bulls must break down chunky daily resistance at $195 for greater upside momentum. 
  • Price action has been moving within consolidation mode since the back end of September. 

 

ETH/USD daily chart

The bulls have so far been hit within rejection at the major barrier is eyed at $195, tracking at the potential neckline of a daily double bottom. 

ETH/USD 60-minute chart

Price action is moving a narrowing range-block structure, subject to a breakout. 

Spot rate:                  182.62

Relative change:      -0.50%

High:                         185.56

Low:                          178.10

 

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