Ethereum technical analysis: ETH/USD tight conditions subject to a potential explosive breakout

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. A range-block formation can be seen over the last six days of trading for ETH/USD.