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.

Ken Chigbo Independent Analyst

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

Author

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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