Ethereum Price Analysis: ETH/USD bulls eyeing $200 return
|- Ethereum price is trading in the red by -0.35% in the session on Tuesday.
- ETH/USD has smashed above resistance that had been capping upside from $145-150.
- The next major barrier for the bulls to break down is eyed at $200.
ETH/USD daily chart
The bulls were able to produce their biggest daily gain in over three weeks.
ETH/USD 60-minute chart
The price has made a breakout from a bullish flag structure, inviting greater near-term momentum.
Spot rate: 171.10
Relative change: -0.35%
High: 176.48
Low: 167.60
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.