Ethereum Technical Analysis: ETH/USD chunky stops triggered to the downside through vital near-term support at $450

• Ethereum tanked over 6% on Tuesday, with mass selling seen across the crypto market.  
• ETH/USD stops triggered to the downside as key near-term support gives way at $450.
• RSI indicates that it is firmly within oversold territory, initially diving to 16 and has since bounced to 22.  

ETH/USD 60-minute chart

Spot rate:                    430.21

Relative change:        -5.79%

High:                           458.21

Low:                            427.40
 
Trend:                         Bearish

Support 1:                 427.40, today’s (Tuesday) & entrance to demand zone.

Support 2:                 424.10, (support on 60-minute chart).  

Support 3:                  417.94, 13th July low.

Resistance 1:            441.32,  (resistance on 60-minute chart).

Resistance 2:            445.00, supply zone.

Resistance 3:            455.15, 50MA & supply zone.