Ethereum continues to trade to the downside in early-week trading, with the ETHUSD pair trapped between the $458 to $440 price range. Over the coming trading sessions, we may see a strong directional breakout occur if traders clear the current narrow-ranges. Sellers will look to push price below the $440 support level, while buyers will aim to move price above the $458 resistance level.
The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels.
If the ETHUSD pair moves back above the $458 level, buyers may test towards the $482 and $506 resistance levels.
The ETHUSD pair is strongly bearish while trading below the $440 level, key technical support below $440 Is located at the $415 and $395 levels.
If the ETHUSD pair moves back above the $458 level, buyers may test towards the $482 and $506 resistance levels.
