Ethereum reversed yesterday and attempted a pullback to the $1,270-$1,300 resistance, which was accompanied by a negative reaction.
If Ethereum fails to start another increase above the $1,275 resistance, it could continue to move down. Initial support on the downside is near the $1,220 level.
If there is a break and a close below $1,220, the price could drop toward the $1,165 support area. If the selling pressure can cause a complete break of this range, the further decrease in the price of Ethereum can continue to the number of $1,100.
If Ethereum fails to start another increase above the $1,275 resistance, it could continue to move down. Initial support on the downside is near the $1,220 level.
If there is a break and a close below $1,220, the price could drop toward the $1,165 support area. If the selling pressure can cause a complete break of this range, the further decrease in the price of Ethereum can continue to the number of $1,100.
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