FxWirePro: Japanese yen remains almost unchanged after household spending, average cash earnings data
Crypto Technicals: ETH/USD recovery capped at 200H MA, break below 78.6% Fib (141.35) to knock prices lower
Cryptocurrency Derivatives Series: Wisdomtree Rolls-out Physically Backed Bitcoin ETP on Switzerland’s Stock Exchange
Crypto Technicals: LTC/USD trades with bearish bias, breach at trendline support (42.50) will see drag till 88.6% Fib (36.29)
Crypto Technicals: ETH/USD fails at 110-EMA, scope for downside resumption
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 183.07 (21-EMA); Resistance: 192.09 (110-EMA)
Technical Analysis: Bias Neutral
ETH/USD has been rejected at 110-EMA, turned bearish to close 2.46% lower on Thursday's trade.
The pair is consolidating previous session's weakness and is currently rangebound at 186.76 at 05:00 GMT.
Cloud is immediate support at 185.56, break below daily cloud will see more weakness. Dip till 20-DMA at 180.80 likely.
That said, 'Bullish Divergence' keeps scope for upside. RSI holds above 50 mark and Stochs show bullish momentum.
The pair has bounced off 200H SMA which is also offering strong support at 184.97. Break below will support further downside.
On the flipside, breakout at 110-EMA will see test of 23.6% Fib at 202.23. Bullish continuation only above 200-DMA at 213.73.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?