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ETH/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bullish
Support: 174.78 (200-DMA); Resistance: 211.08 (38.2% Fib)
ETH/USD is extending gains above $190 mark, scope for further upside.
The pair was trading 1.82% higher on the day at 191.71 at around 05:30 GMT.
Momentum with the bulls, Stochs and RSI are biased higher. MACD and ADX supports gains.
Volatility is rising, the pair is extending gains above 200-DMA. Overbought oscillators may cause some correction.
55W EMA is strong resistance at 197.21. Break above will see upside continuation.
Next major bull target lies at 38.2% Fib at 211.08. 5-DMA is immediate support at 185.47. Retrace below 200-DMA (174.78) negates near-term upside bias.
