Ethereum still has troubles to resume the uptrend. The currency pair has lost nearly three percent in the past 24 hours meaning the upside tendency is delayed. The currency pair looks neutral at the moment. It is testing the support area close to the local lows.
Well, I personally think that the situation here is far from being tragic. Ethereum is close to its lows, but those lows make a serious support for the currency pair and some extraordinary events are needed to allow ETH/USD to break it through. I still have the same targets for Ethereum at $500.36. I’m even persuaded that ETH/USD has even better perspectives in future. However, now it is time to wait as Ethereum is flatting within the range, limited by the support area at $453.24 and the resistance $473.39.