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Crypto Technicals: ETH/USD trades directionless below 110-EMA, intraday bias neutral

ETH/USD chart - Trading View 

Exchange - Coinbase

Support: 183.89 (21-EMA); Resistance: 193.76 (21W EMA)

Technical Analysis: Bias Neutral

ETH/USD is extending sideways grind, technical studies do not show clear directional bias.

The pair was trading at 185.68 at 06:40 GMT, down 0.70% at the time of writing after closing 2.33% higher in the previous session.

Volatility is low and shrinking, no major moves likely on the day. The pair finds series of strong support till 184. Weakness only on break below. 

21W EMA (193.71) is capping upside from many weeks and break above required for any upside.

No major support below 184, dip till 153 possible. Major resistances align at 23.6% Fib at 202.23 ahead of 200-DMA at 214.38. 
 

By Anupama Grandhi
  • Market Data
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