ETH/USD is trading in the green on Thursday as it is holding above 90-EMA. It is currently trading at 829 levels at the time of writing (Kraken).

On the upside, resistance is seen at 852 (2h 90-EMA) and a break above would target 892 (10-DMA)/923 (4h 90-EMA). Further strength would target 961 (50-DMA)/976 (Cloud bottom)/988 (20-DMA)/1000.

On the downside, support is likely to be found at 796 (1h 90-EMA) and a break below would target 772 (2h 50-SMA)/742 (4h 20-SMA). Further weakness would drag it to 699 (Lower Bollinger)/645 (113% extension of 1594.89 and 755)/600.

Momentum studies: On the daily chart, stochs and RSI are showing a turn from near oversold levels, while MACD line is below the signal line. The pair is currently trying to hold above 90-EMA, and a close above would target 892 levels. Intraday bias appears slightly bullish.

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