The Ethereum daily line dropped from around 2650 yesterday to a low of around 2505, closing around 2530. The support level is around 2450; if it breaks, it could test near the MA30. A pullback could be a good opportunity to buy nearby. The resistance level is near the MA7 moving average; if it breaks, it could test near the MA200. A rebound to the nearby area could be a good opportunity to sell. The MACD shows an increase in bearish momentum. On the four-hour chart, the support level is around 2475; if it breaks, it could test around 2435. A pullback could be a good opportunity to buy nearby. The resistance level is near the MA120; if it breaks, it could test near the MA30. The MACD shows an increase in bearish momentum, forming a death cross $ETH .
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