Ethereum continues to drift lower after a strong technical rejection from the $500 level and a loss of the key $482 support level. The MACD indicator on the four-hour time frame is pointing lower, with price fast-approaching the $450 support zone. ETHUSD sellers will aim to break below the $440 level, while buyers will attempt to move price back above the key $482 level.
The ETHUSD pair remains bearish while trading below the $482 level, further losses towards the $440 and $415 support levels seems possible.
If the ETHUSD pair moves above the $482 level, buyers will likely test towards the $500 and $530 resistance levels.
The ETHUSD pair remains bearish while trading below the $482 level, further losses towards the $440 and $415 support levels seems possible.
If the ETHUSD pair moves above the $482 level, buyers will likely test towards the $500 and $530 resistance levels.
