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  • Ethereum is trading nearly 2% lower as crypto sentiment is weak on Wednesday.
  • Now the ETH/USD pair has started selling off and the chart highlights the support levels.

ETH/USD 1-Hour Chart

Etherum has started to sell off slightly in mid-US session.

Now an internal trendline has broken after the previous high was not tested.

That failed test could mean the 260.00 support may be tested.

There was also a nice shooting star (inverted hammer) bearish candle at the top of the test of the high.

All of these bearish signals indicate we could be heading lower. Only time will tell.

Ethereum Fibonacci

Additional Levels