BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum continued to fall down on Monday and it took out the monthly low around $450.

Price is now at a previous support level and if it rallies and breaks the descending trendline we would like to see the resistance around $525 be broken.
If price reacts from the $525 resistance and continues falling down it may reach the previous support/resistance level around $400 until we see new buyers.
If price continues to drop from the current levels we expect the same scenario around $400.

Good Luck,
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