ETH/USD critical trading range needs momentum to break

  • Ethereum price is trading marginally in the red, down 0.10% the session on Tuesday.
  • ETH/USD trading remains narrow, as the price moves within a range of $180-195.
  • The price continues to have difficulty trading to break down the resistance ahead of the big $200 mark.

 

ETH/USD weekly chart

Price action is heading towards seven weeks of narrowing conditions, with a lack of breakout signs. 

 

ETH/USD daily chart

Critical daily support should be noted at $180, which is the lower part of the current trading range. 

Spot rate:                  184.13

Relative change:     -0.10%

High:                         187.34

Low:                          182.21

 

Crypto Destroyer

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