The technical outlook for Ethereum remained on the bearish side on Tuesday. Sellers dragged the price to 425.000 where the currency spent the whole day. The technical readings are negative. All the moving averages are heading downwards. MACD remained in the negative area. RSI entered the oversold ground. The resistance stands at 450.000, the support is at 425.000.
After a close below the support at 425.000 we could see Ethereum extending its declines down to 400.000.