Ethereum Technical Analysis: ETH/USD is trading within a sensitive area of support, an area that prevented further crisis during the heavy sell-off in March


  • Ethereum is seen trading down 1% on Friday, as price remains sticky within the $350 region. 
  • ETH/USD is within a previous proven area of support, which saved price from further crisis during the heavy sell-off seen in March.

 

 

ETH/USD daily chart


 


Spot rate:                   359.94

Relative change:       -0.96%

High:                          365.75

Low:                           355.36

Trend:                        Bearish
 

Support 1:                 358.44, 1st April low.

Support 2:                 346.88, 7th August low.

Support 3:                 290.55, 8th August low.

Resistance 1:            400.98, underneath broken pennant.

Resistance 2:            407.21, (resistance on daily chart).

Resistance 3:            440.85, 50DMA. 

 

 

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