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 to see weakness - EconoTimes)
ETH/EUR chart - Trading View
Exchange - Coinbase
Support: 257.16 (21-EMA); Resistance: 209.74
Technical Analysis: Bias Neutral
ETH/EUR was trading at 262.80 at 09:27 GMT, bias remains bearish.
The pair has bounced off from weekly lows at 238.82 with a 'Hammer' formation.
Price action is currently holding support at 21-EMA at 257. Break below could see further weakness.
GMMA on the daily charts shows shift in near-term trend to bullish. Short-term moving averages are above the long-term moving averages.
Price action is above cloud and major moving averages. Scope for upside.
Stochs and RSI are biased lower. Bearish divergence on RSI and Stochs keeps scope for downside.
Break below 21-EMA will see test of 55-EMA at 231.69. Upside resumption can see test of upper bollinger band at 290.65.
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