Ethereum technical analysis: ETH/USD tight conditions subject to a potential explosive breakout
|- Ethereum price is trading in the red, down 0.70% the session on Tuesday.
- ETH/USD is moving within narrowing trading conditions via the daily chart view.
- The upside is capped at $180 and support is being held just below at $170.
ETH/USD daily chart
A range-block formation can be seen over the last six days of trading for ETH/USD.
ETH/USD 60-minute chart
The price via the 60-minute view is demonstrating a lack of commitment, as it narrows.
Spot rate: 173.12
Relative change: -0.70%
High: 175.62
Low: 172.75
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