Ken Chigbo
Independent Analyst
- Ethereum price is trading in the green by 0.50% in the session on Tuesday.
- ETH/USD trading conditions are tight as the price consolidates, risks remain tilted to the south.
- Caution and a lack of commitment being observed, given soft investor sentiment.
ETH/USD daily chart
Ethereum daily price action like many of its peers is tight, moving within the confinements of a bearish flag structure.
ETH/USD 60-minute chart
The price broke out of a narrowing range block formation, resting and making way for further downside.
Spot rate: 132.98
Relative change: +0.50%
High: 134.34
Low: 130.69
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