Ken Chigbo
Independent Analyst
- Ethereum price is nursing losses of over 3% in the second part of Tuesday, as the bears hold control.
- ETH/USD is stuck within a daily range, to a low of $220, to a high $280.
- Price action has breached a near-term wedge structure seen via the 60-minute.
Spot rate: 239.43
Relative change: -3.55%
High: 248.95
Low: 238.25
ETH/USD 60-minute chart
- The bears have smashed out from a rising wedge structure, seen via the 60-minute view.
ETH/USD daily chart
- Price action via the daily chart view is moving within a range, the next breakout should bring further commitment.
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