ETH/USD is trading in the green on Monday at 871 levels at the time of writing (Kraken).

On the upside, the pair faces strong resistance at 915 (trend line joining 1594.89 and 1234) and a break above would see it testing 948 (20-DMA)/971 (50-DMA). Further strength would target 998 (Cloud bottom)/1075 (50% retracement of 1594.89 and 556).

On the downside, support is seen at 795 (90-EMA) and a break below would drag it to 733 (61.8% retracement of 201.28 and 1594.89)/718 (100-DMA). Further weakness would target 654 (lower Bollinger)/600/556 (February 06 low).

Momentum studies: On the daily chart, MACD is on the verge of a bullish crossover, and RSI and stochs are slightly biased higher. Intraday bias appears bullish.

A break above trend line resistance at 915 along with a confirmed bullish MACD crossover and RSI above 50 would see further bullishness in the pair.

Recommendation: Good to go long on break above 915. SL: 770. TP: 948/971/998.

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