Ethereum Technical  Analysis: ETH/USD within descending wedge pattern, with $450 support under threat

• Ethereum price seen down over 2% on Friday, as bear run continues to hold dominance.
• ETH/USD moving within descending wedge pattern, near-term support at $450 under threat.

ETH/USD 60-minute chart

Spot rate:                    458.99

Relative change:         -2.06%

High:                           469.30

Low:                            452.03

Trend:                        Bearish

Support 1:                  452.00  demand  zone entrance

.

Support 2:                  448.96,lower part of wedge.

Support 3:                  445.95, support on 60-minute chart).

Resistance  1:             464.36, upper part of wedge.

Resistance 2:             472.32, 50MA.

Resistance 3:             478.60, 100MA.