ETH/USD chart - Trading View
Exchange - Coinbase
Support: 193 (21-EMA); Resistance: 300
Technical Analysis: Bias Bullish
ETH/USD extends retrace from 8-month highs of 281
The pair slumped over 12% on the day to hit lows of 224 before paring some losses to trade at 235 at 10:50 GMT
Price action is currently hovering around 5-DMA and close below will see further weakness
Further, overbought conditions in oscillators supports further unwinding
Immediate support below 5-DMA lies at 38.2% Fib at 204.92. Further weakness will see test of 21-EMA at 193
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
