ETH/USD stubborn barrier in the way of $200

  • Ethereum price on Tuesday is trading in very minor negative, losses of just some 0.05%.
  • ETH/USD via the daily is moving within an ascending channel formation.
  • A chunky barrier is seen ahead of the big psychological $200 price territory. 

Spot rate:                 175.05

Relative change:      -0.05%

High:                         184.08

Low:                          171.98

ETH/USD 60-minute chart

  • Vital near-term support eyed at $172-170 range via the 60-minute, a breach could drop back down to $160.

ETH/USD daily chart

  • Price action via the daily is moving within an ascending channel formation. Chunky supply is seen heading into the $200 price territory. 

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