ETHUSD Down move weakening
Ethereum is starting to appear more bullish in the near-term, as the ongoing multi-week bearish reversals start to lose momentum. Bulls need to anchor the ETHUSD pair above the $365.00 level to encourage the notion that the recent correction has ended. To the downside, the $300.00 technical level offers critical weekly support and maybe a potential reversal spot.
The ETHUSD pair is only bullish while trading above the $365.00 level, key resistance is found at the $400.00 and the $450.00 levels.
If the ETHUSD pair trades below the $365.00, sellers may test the $300.00 and $275.00 support levels.