Ethereum is starting to come under increasing downside pressure after falling below the pivotal $270.00 technical area. Failure to create a new bullish higher weekly high is also weighing on the short-term technical surrounding the ETHUSD pair. Overall, continued weakness below the $270.00 level could provoke a drop towards the $235.00 and possibly the $205.00 level.
The ETHUSD pair is only bullish while trading above the $270.00 level, key resistance is found at the $290.00 and the $350.00 levels.
If the ETHUSD pair trades below the $270.00, sellers may test the $235.00 and $205.00 support levels.
