Ethereum Technical Analysis: ETH/USD bears still have the strong scent of blood under their nose

Ethereum nursing chunky losses over 7% on Tuesday, a noteworthy underperformer.
ETH/USD price action is somewhat concerning, looking vulnerable, to another drop.

ETH/USD 30-minute chart

Spot rate:Â Â Â Â Â Â Â Â Â Â 262.72

Relative change:Â Â Â Â -7.47%

High:Â Â Â Â Â Â Â Â Â Â Â Â Â 283.93

Low:Â Â Â Â Â Â Â Â Â Â Â Â Â Â 249.93

Trend:Â Â Â Â Â Â Â Â Â Â Â Â Bearish

Support 1:Â Â Â Â Â Â Â Â Â Â Â Â 259.25, (support on 30-minute chart).

Support 2:Â Â Â Â Â Â Â Â Â Â Â Â 256.45, demand zone.

Support 3:Â Â Â Â Â Â Â Â Â Â Â Â 249.93, todayâ€™s (Tuesday) low.

Resistance 1:Â Â Â Â Â Â Â 272.15, (resistance on 30-miunte chart).

Resistance 2:Â Â Â Â Â Â 281.38, 50MA.

Resistance 3:Â Â Â Â Â Â 300.73, 100MA.Â