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ETH/USD chart - Trading View
Exchange - Coinbase
Support: 120.88 (Lower BB); Resistance: 132.11 (21-EMA)
Technical Analysis: Bias Bearish
ETH/USD was trading at 128.66, up 1.46% at 05:25 GMT, after closing 2.60% lower in the previous session.
The pair has been extending choppy trade below 21-EMA, recovery attempts remain capped below 200H MA.
Technical indicators support weakness. RSI below 50 and Stochs are biased lower. Stochastics RSI shows rollover from overbought levels.
Major trend has been bearish and resumption of weakness will see dip till lower BB at 120.88. Break below eyes 88.6% Fib at 112.96.
Immediate resistance is seen at 5-DMA at 129.11. Break above 21-EMA at 132.14 could change near-term dynamics.
