The ethereum cryptocurrencies have been consolidating in the recent days around the level of support located in the region of USD 400. Looking at the H4 time interval, we can see that the upper limit of this consolidation falls on the local peak just below the level of 410 dollars.
In the case of breaking the top of the above-mentioned side trend, the way to attacking the resistance level near the round area of 500 dollars opens. This level is determined based on the principle of changing poles.
Possible breaking the currently tested support with the bottom will mean a continuation of the downward trend at least around $ 300.