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ETH/USD chart - Trading View
Exchange - Coinbase
Support: 229 .24 (1H 200-SMA); Resistance: 261.91 (Upper BB)
Technical Analysis: Bias Neutral
ETH/USD is extending sideways grind, hovers around 5-DMA
Major trend in the pair is bullish, no major signs of reversal seen
Oscillators are in the overbought territory, scope for minor correction
Immediate support is seen at 245 (trendline), break below could see drag till 229 (1H 200-SMA)
Below 1H 200-SMA , next major support is seen at 21-EMA at 208
Bullish invalidation only below 200-DMA at 143
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