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Crypto Technicals: ETH/USD extends sideways, no major signs of reversal seen

ETH/USD chart - Trading View 

Exchange - Coinbase

Support: 229 .24 (1H 200-SMA); Resistance: 261.91 (Upper BB)

Technical Analysis: Bias Neutral

ETH/USD is extending sideways grind, hovers around 5-DMA

Major trend in the pair is bullish, no major signs of reversal seen

Oscillators are in the overbought territory, scope for minor correction

Immediate support is seen at 245 (trendline), break below could see drag till 229 (1H 200-SMA)

Below 1H 200-SMA , next major support is seen at 21-EMA at 208

Bullish invalidation only below 200-DMA at 143

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

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