Ethereum remains extremely weak on Tuesday as the cryptocurrency market sell-off shows few signs of stopping this week. The ETHUSD pair is vulnerable to declining towards the $80.00 level while trading under the pivotal $125.00 resistance level. Overall, the high correlation between Bitcoin and Ethereum means that ETHUSD is likely to continue tracking BTCUSD lower.
The ETHUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $150.00 and the $175.00 levels.
If the ETHUSD pair trades below the $125.00, sellers may test the $100.00 and $80.00 support levels.