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.