ETHUSD falling sharply
Ethereum has fallen to its weakest trading level since April 2019 as selling pressure spreads across the broader cryptocurrency market. The ETHUSD pair has limited technical support until the $100.00 level if the $125.00 level is broken over the coming trading sessions. Going forward, bargain hunter may look to buy the ETHUSD pair as the second-largest cryptocurrency appears undervalued.
If the ETHUSD pair trades above the $150.00 level, key resistance is found at the $158.00 and $170.00 levels.
If the ETHUSD pair trades below the $150.00 level, key support is found at the $125.00 and $100.00 levels.