ETH/USD is trading higher on Monday as it broke above trend line resistance joining 828.97 and 494.74. It is currently trading at 467 levels at the time of writing (Coinbase).

Continued upward momentum could see the pair testing key resistance at 500 and a break above would target 519 (Cloud bottom)/542 (90-EMA). Further strength would test567 (100-DMA).

On the downside, support is seen at 449 (1h 200-SMA) and any violation would target 412 (trend line joining 360 and 404.22)/400. Further weakness would drag it to 368 (113% extension of 828.97 and 421.10).

Momentum studies: Bias appears to be turning bullish on the daily chart with the breach of key trend line resistance. MACD is on the verge of bullish crossover, RSI is at 49 with upward bias, and stochs are biased higher. A jump till 500 levels could be on the cards.