ETHUSD INTRADAY BEARISH BELOW $450

ETHUSD INTRADAY BEARISH BELOW $450

Ethereum / Dollar BITFINEX:ETHUSD


Ethereum             continues to trade below key support on Tuesday, after the second largest cryptocurrency by market capitalisation failed to attract fresh buying interest on Monday.

The ETH/USD pair has now lost over 15% of its value since last Friday, following the strong decline to $435.

Technical indicators remain bearish with further downside for ETH/USD increasingly likely.

The ETHUSD             pair is strongly bearish while trading below the $450 level, key technical support is located at the $435 and $400 levels.

If the ETHUSD             pair holds price above the $450 level, we may see a correction back towards the $465 and $478 resistance levels.