ETH moved near $495 but unable to test the $500 level. The price of Ethereum is indicating a bearish sign under $485 at the moment.
ETH pushed beyond the $480 and $485 barrier and formed a high close to $495 but could not test the $500 level. Recently, ETH witnessed a rapid bearish correction under the $485 barrier and even went below the $480 support. However, buyers were strong enough to hold the $470 support.
Major signals
- ETH is forming a bearish correction and trading under the critical $485 level.
- Ethereum is maintaining the key $470 support.
- There could be a quick dip in price below $470.
ETH price is presently dropping and trading under $480, and it is also trying to break the $476 support. The next support is around the $474 mark, and an upward trend line is also forming with support close to $474.
