ETH/USD chart - Trading View
Exchange - Coinbase
Support: 248.03 (21-EMA); Resistance: 278.72 (Upper BB)
Technical Analysis: Bias Neutral to slightly bearish
ETH/USD extends sideways grind along 5-DMA support. Doji formation on previous weeks' candle keep upside limited.
Volatility is shrinking on the daily charts, scope for further consolidation.
The pair is trading 3.1% lower on the day at 260.88 at 08:55 GMT.
Price action is holding support at 20-DMA, break below will see further weakness.
Stochs and RSI have turned bearish and are showing a 'bearish divergence' from price action.
Break below 20-DMA finds next major support at 21-EMA at 247.96 ahead of 23.6% Fib at 236.64.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


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