ETH/USD chart - Trading View
Exchange - Coinbase
Support: 114 (Trendline); Resistance: 131.42 (5-DMA)
Technical Analysis: Bias Bearish
ETH/USD was trading 4.00% lower on the day at 127.57 at 06:35 GMT, bias bearish.
The pair held support at major trendline (114.50) overnight. However, recovery is capped at 5-DMA.
After closing over 9% higher in the previous session, the pair is struggling to extend gains on the day.
Major and minor trend are bearish and recovery is not supported by technical indicators.
Resumption of weakness will see test of trendline support (currently at 114). Break below will open further downside.
On the flipside, close above 5-DMA will fuel short-term recovery. Gains upto 143 (nearly converged 20-DMA and 21-EMA) likely.


USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major European Indices
FxWirePro:EUR/AUD eases but bullish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



