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- The price of Ethereum was seen to record strong gains on Tuesday, up more than 4% during the day.
- The ETH / USD is detached from a bullish-pennant pattern formation, leaving the door open for further increases.
- The quick return to the territory of the price of $ 120 will be on the cards for the bulls.
ETH / USD 60-minute chart
Spot rate: 112.37
Relative change: + 4.10%
High: 113.52
Low: 105.51
Trend: bullish
Resistance 1: 114.30, resistance to the daily articulation point.
Resistance 2: 120.42, resistance to the daily rotation point.
Resistance 3: 124.60, resistance to the daily rotation point.
Support 1: 111.50, on top of the bullish pennant.
Support 2: 104.01, daily support of the articulation point.
Support 3: 99.84, daily support of the articulation point.
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