Ethereum has broken below the $600.00 support level as sentiment towards cryptocurrencies remains weak on an intraday basis. Technical analysis highlights that the $570.00 and $530.00 level are the next major downside target for ETHUSD bears. Traders that are bullish towards the ETHUSD may attempt to buy the cryptocurrency pair from around the $570.00 level.
The ETHUSD pair is only bullish while trading above the $630.00 level, key resistance is found at the $670.00 and the $700.00 levels.
If the ETHUSD pair trades below the $630.00, sellers may test the $570.00 and $530.00 support levels.
