Ethereum Technical Analysis: ETH/USD bulls eyeing strong recovery
|- Ethereum price was seen holding strong gains on Tuesday, up over 4% on the day.
- ETH/USD breaks out from a bullish pennant pattern formation, leaving the door open for more upside.
- Fast return back towards $120 price territory will be on the cards for the bulls.
ETH/USD 60-minute chart
Spot rate: 112.37
Relative change: +4.10%
High: 113.52
Low: 105.51
Trend: Bullish
Resistance 1: 114.30, daily pivot point resistance.
Resistance 2: 120.42, daily pivot point resistance.
Resistance 3: 124.60, daily pivot point resistance.
Support 1: 111.50, on top of bullish pennant.
Support 2: 104.01, daily pivot point support.
Support 3: 99.84, daily pivot point support.
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