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Crypto Technicals: ETH/USD extends gains above $300, shows signs of upside resumption

ETH/USD chart - Trading View 

Exchange - Coinbase

Support: 273.63 (50-DMA); Resistance: 330.42 (Upper BB)

Technical Analysis: Bias turning Bullish

ETH/USD is extending gains above $300 mark, we see signs of upside resumption.

The pair is trading 0.85% higher on the day at 308.94 at 10:15 GMT.

Technical indicators are turning bullish on the intraday charts.

Major trend is bullish and pullback in the pair has held above 50-DMA support.

5-DMA has turned and RSI is holding above 50 mark. Stochs are on verge of rollover from oversold levels.

GMMA indicator shows change of near-term trend as indicated by the shift in near-term moving averages.

Scope for gains till 330 (Upper BB). Break below 21-EMA could see dip till 50-DMA (273)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

By Anupama Grandhi
  • Market Data
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