Ken Chigbo
Independent Analyst
- Ethereum price on Tuesday is trading in very minor negative, losses of just some 0.05%.
- ETH/USD via the daily is moving within an ascending channel formation.
- A chunky barrier is seen ahead of the big psychological $200 price territory.
Spot rate: 175.05
Relative change: -0.05%
High: 184.08
Low: 171.98
ETH/USD 60-minute chart
- Vital near-term support eyed at $172-170 range via the 60-minute, a breach could drop back down to $160.
ETH/USD daily chart
- Price action via the daily is moving within an ascending channel formation. Chunky supply is seen heading into the $200 price territory.
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