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ETH/USD chart - Trading View
Exchange - Coinbase
Support: 176.42 (5-DMA); Resistance: 202.33 (23.6% Fib)
Technical Analysis: Bias turning slightly bullish
ETH/USD has paused upside at stiff resistance at 21-EMA (currently at 185.01).
The pair is trading in a narrow range with session highs at 185.75 and lows at 178.70.
Price action has shown a break above 200H SMA raising scope for further upside.
5-DMA has turned, RSI is now nearing 50 mark and Stochs have rolled over from oversold levels.
Breakout at 21-EMA resistance eyes next hurdle at 23.6% Fib at 202.33. Further upside momentum will see test of 200-DMA at 208.96.
On the flipside, rejection at 21-EMA and retrace below 5-DMA could see resumption of weakness.
