Ethereum Technical Analysis: ETH/USD's shallow recovery finds resistance near $450
|- Today's technical correction loses momentum near $450, daily RSI moves sideways around 40, suggesting that sellers remain in control.
- $400 looks vulnerable, a decisive break below that level could drag the pair to a fresh 2018 low.
- Only a daily close above $500 could neutralize the near-term outlook.
Spot rate: 436.75
Relative change: +1%
High: 448
Low: 424.70
Trend: Bearish
Support 1: 400 (Jun. 29 low/end point of May 5 - June 29 doıwntrend).
Support 2: 360 (2018 low).
Support 3: 300 (psychological level/horizontal support from Nov. 2017).
Resistance 1: 455 (20-DMA).
Resistance 2: 500/505 (psychological level/Fibo. 23.6% retracement of May 5 - June 29 downtrend).
Resistance 3: 570 (Fibo. 38.2% retracement of May 5 - June 29 downtrend).
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