Ethereum Price Analysis: ETH/USD move above $200 could be explosive
|- Ethereum price is trading in the red by 0.35% in the session on Tuesday.
- ETH/USD is consolidating just underneath the big $200 price mark.
- Should the bulls push above the noted level, it will likely restore buyer confidence.
ETH/USD daily chart
Upon a move back above $200, there will be room for a fast return back up to $250, the next major upside barrier.
ETH/USD 60-minute chart
Price action is swinging within a tight range, $190 to the downside, $199 to the upside.
Spot rate: 191.06
Relative change: -0.35%
High: 197.83
Low: 192.44
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