RATE Group | ETH/USD must break down $200
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ETH/USD must break down $200

05 Nov ETH/USD must break down $200

Posted at 16:25h in Ethereum News by

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  • 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

 

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