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 - EconoTimes)
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 185 (200-DMA); Resistance: 233 (110-EMA)
Technical Analysis: Bias Bearish
ETH/USD is attempting a tepid recovery, trades 2.7% higher on the day at 222 at 09:30 GMT.
Recovery attempts lack traction, upside finds stiff resistance at 110-EMA at 233.
Price action is extending sideways, consolidating below 110-EMA. Bias remains neutral to slightly bearish.
Technical indicators do not provide a clear directional bias. Sideways grind to continue for now.
Breakout above 110-EMA could see minor upside. Breach at 200-EMA support will open up downside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
