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Crypto Technicals: ETH/USD breaks below 21-EMA (184.26), bias turning bearish

ETH/USD chart - Trading View 

Exchange - Coinbase

Support: 180.42 (50-DMA); Resistance: 191.16 (110-EMA)

Technical Analysis: Bias turning bearish

ETH/USD has shown a break below 21-EMA support at 184.26, bias is turning bearish.

The pair is trading largely muted at 09:45 GMT after hitting session lows at 180.30.

Technical studies are turning slightly bearish, Stochs and RSI are biased lower and RSI has fallen below 50 mark.

Major trend has gone flat and upside is capped at 110-EMA which is stiff resistance at 191.16.

Volatility is low. The pair is holding 50-DMA support at  180.42. Break below will plummet prices. 

Dip till 153 possible. Major resistances align at 23.6% Fib at 202.23 ahead of 200-DMA at 214.71.  
 

By Anupama Grandhi
  • Market Data
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