ETH/USD failed to hold above 20-DMA and is currently trading at 465 levels at the time of writing (Coinbase).

On the upside, a consistent break above 474 (20-DMA) would see the pair testing 500/513 (4h 200-SMA). Further strength would target 547 (50-DMA)/569 (90-EMA).

On the downside, support is seen at 449 (10-DMA) and any violation would drag it to 406 (trend line joining 360 and 404.22)/368 (113% extension of 828.97 and 421.10).

Momentum studies: On the daily chart, stochs are biased higher and MACD line is above the signal line, while RSI is below 50.

A decisive break above 500 levels, supported by other bullish technical indicators, would see further upside in the pair. On the contrary, a break below 10-DMA could see the pair testing 400 levels.

Recommendation: Wait for clear directional bias.