Ethereum technical analysis: ETH/USD outperforming its peers jumping 6%


  • Ethereum price is trading firmly in the green, up 6.00% the session on Tuesday.
  • ETH/USD is outperforming its peers, as the bulls extend north following a range breakout. 
  • Strong daily supply noted at $180, a breach has opened the door to another wave of upside. 

 

ETH/USD daily chart

The momentum is with the bulls following a critical resistance breach at $180, eyes are now on a return into the pychological $200 territory. 

ETH/USD 60-minute chart

A surge higher as the price clears supply seen at $185 which has been capping near-term upside. 

 

Spot rate:                  191.52

Relative change:      +6.00%

High:                         194.47

Low:                          179.55

 

 

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