Cryptocurrency Derivatives Series: eToroX’s Lira To Support Crypto-Derivatives With Liquidity Providing
Crypto Technicals: ETH/USD retreats from 6-week highs at 217.49, close below 200-DMA to see further weakness
Crypto Technicals: Litecoin (LTC) flashing signs of weakness, bearish engulfing and overbought oscillators weigh
Crypto Technicals: TRON (TRX) breaks 21-EMA resistance, rising volatility and bullish divergence to ensure upside continuation
Crypto Technicals: ETH/USD consolidates break above 200H SMA, potential 'Golden Cross' raises scope for upside
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 197.20 (200-DMA); Resistance: 206.79 (21-EMA)
Technical Analysis: Bias Neutral
ETH/USD has paused upside, trades 1.16% lower on the day at 199.07 at 04:50 GMT.
The pair is consolidating break above 200-DMA, technical indicators are turning slightly bullish.
A potential 'Golden Cross' (Bullish 50-DMA crossover on 200-DMA) raises scope for upside in the pair.
Immediate strong resistance is seen at 21-EMA at 206.79. Break above required for upside continuation.
Major trend is bearish as confirmed by GMMA indicator. Retrace below 200-DMA will negate any near-term upside.