ETH/USD is trading higher on Monday at 422 levels at the time of writing (Coinbase).

On the upside, the pair faces strong resistance at 437 (20-DMA) and a break above would target 468 (3h 200-SMA)/507 (23.6% retracement of 982.99 and 360). Further strength would see it testing 566 (Upper Bollinger)/598 (55-EMA).

On the downside, support is seen at 405 (1h 20-SMA) and a break below would target 391 (10-DMA)/ 360 (April 1 low). Further weakness would drag it to 309 (Lower Bollinger)/ 300.

Momentum studies: On the daily chart, the rolling over of RSI and stochs from oversold levels, turn in 10-DMA, and bullish MACD crossover suggest scope for further upside. The pair faces strong resistance at 20-DMA and a consistent break above would see minor bullishness.

Intraday bias appears bullish.

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