ETH/USD remains rangebound on Monday with its upside capped by 7-DMA.

Currently, the pair is trading at 464 levels at the time of writing (Coinbase).

On the upside, a decisive break above 468 (7-DMA) would target 494 (trend line joining 828.97 and 515.880/503 (Cloud bottom)/ 531 (90-EMA).

On the downside, support is seen at 446 (trend line joining 404.22 and 441) and any violation would drag it to 416 (trend 360 and 404.22)/400.

Bias appears neutral on the daily chart as the pair extends consolidation.

Recommendation: Wait for clear directional bias.