Last week Ethereum (ETHUSD) tried to recapture the $400 handle but fell short of achieving that when peaking at 394.53 last Thursday. The price fell back gradually from there and that led it to as low as 365.10 yesterday. It has rebounded again slightly today, rising above 376 a short while ago. However, the longer term chart is not looking that encouraging unless it can make a sustained rebound back above $400. Whilst not ruling that out, it seems increasingly hard to reach and maintain. On the opposite side a break below 350 does open the path lower again and that is why the price has been holding these parameters, that have been identified here some while ago. ETHUSD is just now trading at 373.45