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Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 191.21 (5-DMA); Resistance: 204.93 (200-DMA)
Technical Analysis: Bias Bullish
ETH/USD continues bullish momentum to extend gains above 55-EMA (now immediate support at 197.48).
The pair has paused upside just short on $200 mark, intraday bias remains bullish.
Technical studies support further gains. Stochs and RSI are sharply higher. MACD and ADX support upside.
The pair extends break above 4H 200 SMA. GMMA shows shift of major trend to bullish on the 4-Hourly charts.
'Bullish Divergence' on RSI and Stochs to fuel further gains. Volatility on the daily charts is also rising.
Bulls target 200-DMA at 204.93. Break above required for upside continuation.
5-DMA is immediate support at 191.18. Break below 21-EMA (185.49) negates near-term bullishness.