ETHUSD short view

Looking at the ETHUSD chart on the daily time frame, we see that the price is still under pressure and that we did not manage to climb above $ 3650 yesterday. Today we have a further price drop to the current $ 3456. Below us, the first support is the 50-day moving average to $ 3350, the next below the support is in the 20-day moving average. For a further bearish scenario, we need a break below these moving averages, and then we can expect the price to drop to a psychological level of $ 3,000.