Ethereum technical analysis: ETH/USD critical trading range needs momentum to break
|- Ethereum price is trading marginally in the red, down 0.10% the session on Tuesday.
- ETH/USD trading remains narrow, as the price moves within a range of $180-195.
- The price continues to have difficulty trading to break down the resistance ahead of the big $200 mark.
ETH/USD weekly chart
Price action is heading towards seven weeks of narrowing conditions, with a lack of breakout signs.
ETH/USD daily chart
Critical daily support should be noted at $180, which is the lower part of the current trading range.
.
Spot rate: 184.13
Relative change: -0.10%
High: 187.34
Low: 182.21
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.