Ethereum is coming under selling pressure on Tuesday as the second-largest cryptocurrency continues to reverse from the $290.00 resistance area. Going forward, the ETHUSD pair could find support from the $195.00 level before the next push higher begins. Weakness below the $235.00 level will cause traders to start to turn more bearish towards the ETHUSD pair over the short-term.
The ETHUSD pair is only bullish while trading above the $235.00 level, key resistance is found at the $260.00 and the $290.00 levels.
If the ETHUSD pair trades below the $235.00, sellers may test the $215.00 and $195.00 support levels.
