Crypto Technicals: ETH/USD capped at 20-DMA, break above targets 172.50

ETH/USD chart - Trading View

Exchange - Bitfinex

Support: 157.14 (cloud top); Resistance: 172.50 (Trendline)

Technical Analysis: Bias slightly bullish

- ETH/USD upside has paused at 20-DMA

- The pair has slipped lower from session highs at 166.35 and is currently trading at 164.55

- Price action has bounced off support at 200-DMA in the previous week's trade

- Cloud offers strong support at 157.14, weakness likely on break below

- Break above 20-DMA targets 172.50 (trendline resistance), further upside will see test of upper BB at 177

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