Ethereum is under selling pressure on Tuesday, following a strong bearish reversal lower in the broader cryptocurrency market. A break below the $190.00 support level could trigger heavy ETHUSD technical selling towards the $175.00 support level. Overall, multiple upside failures to breach the April monthly high is starting to increase medium-term selling towards the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the $190.00 level, key resistance is found at the $200.00 and the $215.00 levels.
If the ETHUSD pair trades below the $190.00, sellers may test the $175.00 and $155.00 support levels.