Ethereum technical analysis: ETH/USD must break down $200
|- Ethereum price is trading in the green, up 2.15% the session on Tuesday.
- ETH/USD has offered little in terms of volatility over the last 11 sessions, as the price consolidates.
- A strong barrier of resistance is observed at the psychological $200 mark, preventing further upside pressure.
ETH/USD weekly chart
A range-block formation is observed via the weekly chart view, a lack of committed trend for now.
ETH/USD daily chart
Price action is narrowing within a triangular structure via the daily chart view, subject to a breakout.
Spot rate: 190.45
Relative change: +2.15%
High: 191.36
Low: 182.47
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.