ETH/USD chart - Trading View
Exchange - Bitfinex
Support: 153.75 (50-DMA); Resistance: 169.03 (5-DMA)
Technical Analysis: Bias Neutral to slightly Bearish
- ETH/USD slips below 21-EMA, bias is turning slightly bearish
- Recovery capped below 5-DMA and 1H 21-EMA
- Retrace till 192 levels likely, break below to see further weakness
- RSI has turned and Stochs are biased lower
- However, 'Golden Cross' formation keeps scope for upside
- Break below 200-DMA will negate any bullishness
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