Ethereum is edging closer to registering its first red month after two months of consecutive increases. The 1-day chart reveals that it is grappling with significant selling pressure on Tuesday. It dropped to the previous day’s low but currently trades slightly higher at the time of writing. Nonetheless, the asset is clawing back some of the losses it incurred last week. The re-ignition of the uptrend on Sunday spurred further gains and a green close to the previous session.