Ethereum is starting to lose upside momentum after the second-largest cryptocurrency failed to hold price above the $490.00 level. Traders that are bearish towards the ETHUSD pair may target a breakout under the $465.00 level to accelerate intraday weakness. To the upside, sustained gains above the $490.00 level could propel the ETHUSD pair towards the $520.00 area.
The ETHUSD pair is only bullish while trading above the $465.00 level, key resistance is found at the $490.00 and the $520.00 levels.
If the ETHUSD pair trades below the $465.00, sellers may test the $440.00 and $420.00 support levels.
