Ethereum Technical Analysis: ETC/USD makes a very dangerous retest of 24th June low, vital support area remains under threat

• Ethereum price retested a vital area of support again on Wednesday, touching the 24th June low.
• ETH/USD was fortunate enough to receive a boost from a touted demand zone, tracking from $407-422.

ETH/USD 60-minute chart

Spot rate:                                     432.91

Relative change:               +0.84%

High:                                                   441.93

Low:                                                       418.65

Trend:                                                 Neutral

Resistance 1:                           441.91, (resistance on 4-hour chart).

Resistance 2:                          474.53, 25th June high.

Resistance 3:                           480.95, 50MA.

Support 1:                                  418.65, today’s (Wednesday) low & demand zone.

Support 2:                                    407.00, demand zone.

Support 3:                                    365.85, (support on 4-hour chart).