ETH/USD chart - Trading View
Exchange - Bitfinex
Support: 170.44 (20-DMA); Resistance: 192 (Trendline)
Technical Analysis: Intraday Bias Bullish
- ETH/USD bounces off 20-DMA support, extends gains for the 2nd straight session
- The pair is trading 2.57% higher on the day at 176.69 at 1055 GMT
- Price has broken above 5-DMA at 173.68, eyes upper BB at 182.29
- Technical indicators support upside on daily charts. Price action above major EMA's and cloud
- 'Golden Cross' (Bullish 50-DMA crossover on 200-DMA) on daily charts keeps scope for upside
- Scope for test of 192 (trendline resistance), weakness likely on break below 21-EMA
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.