- 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%