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Crypto Technicals: ETH/USD hovers around 5-DMA, overbought conditions may lead to further unwinding

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
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 813069813069m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 813069813069m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 824889824889m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 813069813069m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 824889824889m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 813069813069m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813069813069m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813069813069m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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