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  • Ethereum nursing chunky losses over 7% on Tuesday, a noteworthy underperformer.
  • ETH/USD price action is somewhat concerning, looking vulnerable, to another drop.

 

ETH/USD 30-minute chart


 

Spot rate:                    262.72

Relative change:        -7.47%

High:                           283.93

Low:                            249.93

Trend:                         Bearish

 

Support 1:                        259.25, (support on 30-minute chart).

Support 2:                         256.45, demand zone.

Support 3:                        249.93, today’s (Tuesday) low.

Resistance 1:              272.15, (resistance on 30-miunte chart).

Resistance 2:             281.38, 50MA.

Resistance 3:            300.73, 100MA.