ETH/USD remains largely flat on Friday with its upside capped by 21-EMA. It is currently trading at 459 levels at the time of writing (Coinbase).

On the upside, a break above 477 (21-EMA) would see the pair testing 500/538 (50-DMA). Further strength would see it soaring to 560 (100-DMA).

On the flipside, immediate support is seen at 453 (10-DMA) would drag the pair to 421 (June 24 low)/407 (trend line joining 360 and 404.22)/368 (113% extension of 828.97 and 421.10).

Momentum studies: Bias appears neutral on the daily chart as the pair is extremely rangebound. The pair is consolidating its break above trend line joining 828.97 and 547.40. Further bullishness can only be confirmed on a decisive break above 500, whereas a breach of 10-DMA support could see the pair testing previous lows of near 400 levels.

Recommendation: Wait for clear directional bias.