ETH/USD is moderately falling due to low trading activity and relative calm information field.
The price is approaching a strong support in the region of 500.0000 (Murray [0/8]).
There is a chance of an upward rebound, while its breakdown would allow the fall to continue.
The breakdown of the level 500.0000 will let ETH/USD fall to the level of 468.7500 (Murray [-1/8]).
If ETH/USD cannot consolidate below the level of 500.0000, the correction to the area of the level of 512.0000 (the middle line of Bollinger Bands) can develop.
Technical indicators reflect the moderate maintenance of the current downward trend.
Bollinger Bands are directed down.
MACD histogram is in the negative zone keeping a signal for the opening of sell positions.
Support and resistance
Support levels: 500.0000, 468.7500, 437.5000.
Resistance levels: 512.0000,531.2500,562.5000.
Short positions can be opened below the level of 500.0000 with the target at around 468.7500 and stop loss 510.0000.
Long positions can be opened above the level of 512.0000 with the target at around 531.2500 and stop loss 505.0000.