ETH still consolidates at $1,317 further drop incoming overnight

ETH still consolidates at $1,325, further drop incoming overnight?

Ethereum price analysis is bearish today.
ETH/USD has seen a retest of the previous low yesterday.
Support at $1,325 still holds.
Ethereum price analysis is bearish today as we have seen a strong retrace to $1,325 and consolidation overnight. However, as there are no signs of buying pressure returning, we expect ETH/USD to soon continue even lower, likely to the $1,300 support.