Crypto Technicals: LTC/USD trades weaker amid crypto market correction, finds strong support at 75.33 (200H MA)
Crypto Technicals: ETH/USD struggles to extend recovery above 5-DMA, bias bearish
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 193.81 (200-DMA); Resistance: 221.47 (21-EMA)
Technical Analysis: Bias Bearish
ETH/USD struggles to extend upside momentum, slips lower from session highs at 216.47.
The pair was trading 1.43% lower on the day at 212.97 at 05:40 GMT.
Major trend has shifted to bearish as indicated by GMMA which shows turn in longer-term moving averages.
Downside in the pair has held above $200 mark, breach below will find major support at 200-DMA at 193.81
Violation at 200-DMA could open up downside for the pair. Break above 55-EMA (234.90) negates near-term bearish bias.