ETH/USD is rangebound on Tuesday and trading at 471 levels at the time of writing (Coinbase).
On the upside, the pair faces key resistance at 501 (50-DMA) and a break above would target 518 (Cloud bottom)/541 (90-EMA). Further strength would see it testing 568 (100-DMA).
On the downside, support is seen at 455 (20-DMA) and a break below would target 413 (trend line joining 360 and 404.22)/400. Further weakness would drag it to 368 (113% extension of 828.97 and 421.10).
Momentum studies: On the daily chart, MACD line is above the signal line, RSI is at 50, and stochs are biased higher. However, some weakness could be seen on the hourly charts.
A break above 500 is likely to see minor bullishness, targeting cloud resistance at 518.
Recommendation: Wait for clear directional bias.
