Ethereum Price Prediction: ETH/USD May Crash to $300 Support as Selling Pressure Grows Heavy

If the buying pressure evaporates around $335, it could see Ethereum incur some heavy downwards momentum that sends it to the supports at $285, $265, and $245. Buyers should be on the lookout for $400, $420, and $440 as a target to watch and a strong bullish reaction at this level is vital for Ethereum to maintain its medium-term outlook while the RSI (14) is seen moving above the 40-level.

Meanwhile, as the price falls, the sellers are posing an additional threat for buyers to reach the support level of 0.032 BTC where the nearest target is located. More so, the buyers may likely push the market above the moving averages to reach the potential resistance at 0.0360 BTC and above if a rebound plays out.

Timeline of Ethereum, Bitcoin