ETH/USD has broken above 20-DMA but continues to trade in a tight range on Thursday. It is currently trading at 422 levels at the time of writing (Coinbase).

On the upside, resistance is seen at 446 (3h 200-SMA) and a break above would target 465 (1w 50-SMA)/497 (4h 200-SMA). Further strength would target 507 (23.6% retracement of 982.99 and 360)/563 (23.6% retracement of 1224 and 360).

On the downside, support is seen at 399 (10-DMA) and a break below would drag the pair to 360 (April 1 low)/ 328 (Lower Bollinger). Further weakness would target 300.

Momentum studies: Bias appears neutral on the daily chart as the pair is extremely rangebound. Watch out for a break above 3h 200-SMA for scope for further upside.

Recommendation: Wait for clear directional bias.

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