ETH/USD is trading in the red on Monday with its upside capped by 10-DMA. It is currently trading at 10-DMA at the time of writing (Coinbase).

On the upside, the pair faces resistance at 736 (10-DMA) and a break above would see it soaring to 787 (trend line joining 1419.98 and 828.97)/815 (Upper Bollinger). Further strength would target 849 (78.6% retracement of 982.99 and 360).

On the flipside, support is seen at 676 (200-DMA) and any violation would drag the pair to 637 (May 12 low)/609 (lower bollinger). Further weakness would test 569 (50-DMA)/539 (61.8% retracement of 360 and 828.97).

Momentum studies: On the daily chart, MACD line is below the signal line and RSI is biased lower but holding above 50. The pair has found strong support at 200-DMA, while upside is capped by 10-DMA.

Recommendation: Wait for clear directional bias.

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