ETH/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bullish
GMMA Indicator: Major Trend - Neutral; Minor Trend - Bullish
Overbought/ Oversold Index: Overbought
Volatility: High
Support: 158.28 (110-EMA); Resistance: 174.83 (23.6% Fib)
ETH/USD was trading 3.87% lower on the day at 159.82 at around 04:25 GMT, slightly higher from session lows at 158.17.
The pair is on track for a potential 'Shooting Star' formation on the daily charts, after closing with a Doji formation in the previous session.
That said, technical studies do not support weakness for now, though, overbought oscillators could cause minor pullbacks.
The pair finds series of strong support till 155 level - 110-EMA at 158.28, 5-DMA at 156.49 and cloud top at 155.43.
Breach below cloud top support could see drag till 200H MA at 146.68. Violation there could change near-term dynamics.
On the other side, 23.6% Fib is immediate resistance at 174.83. Break above 200-DMA (183.53) confirms bullish continuation.


NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout 



