ETH/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bullish
GMMA Indicator: Major Trend - Bullish; Minor Trend - Bullish
Overbought/ Oversold Index: Overbought
Volatility: High and Rising
Support: 251.83 (5-DMA); Resistance: 269.66 (61.8% Fib)
ETH/USD was trading 1.86% lower on the day at 263.42 at around 06:10 GMT, after closing largely unchanged in the previous session.
The pair has formed a 'Spinning Top' on the previous day's candle, denting upside momentum.
Technical bias remains bullish and we see resumption of upside momentum. That said, overbought oscillators could see more correction before the next leg higher.
Price action hovers around 61.8% Fib at 269.66 and finds immediate support at 5-DMA at 251.83.
Break below 5-DMA will see test of 200H MA at 232.86. Violation there could see more weakness.
Resumption of upside will see test of 300 levels. Bullish invalidation only below 200-DMA.


FxWirePro: AUD/USD dips as dollar firms on Fed rate hike bets
FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data
JPY Major Currency Score: All Bearish
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD scales one-week peak after ECB rate hike
FxWirePro- Woodies Pivot (Major)
Gold Loses Luster Amid Rising US Bond Yields, Iran Conflict; Sell on Rallies Advised
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
FxWirePro: USD/JPY slips as yen firms after hot Japan's wholesale inflation data
FxWirePro: AUD/USD stays defensive ahead of key U.S. inflation data 



