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Ethereum technical analysis: ETH/USD another blow for the price in $270-280 range

  • Ethereum price on Tuesday is trading in negative territory, nursing losses of around 2.90%.
  • ETH/USD price action continues to face rejection within $270-280 range, where much supply can be seen. 
  • Despite the losses on the day, ETH/USD via the daily is moving within a bullish flag structure. 
Ethereum technical analysis: ETH/USD another blow for the price in $270-280 range
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 266.20

Relative change:      -2.90%

High:                         274.32

Low:                          262.47

ETH/USD 60-minute chart

  • Vital near-term demand can be seen via the 60-minute view around $264-262 price range. 

ETH/USD daily chart

  • Price action via the daily continues to move within a bullish flag structure. 

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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