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FxWirePro: ETH/USD trades just shy of 300, close above to see further upside

(Refer ETH/USD chart on Trading View)

ETH/USD is struggling for a decisive break above 300 levels.

It is currently trading in the green on Thursday at 294 levels at the time of writing (Coinbase).

On the topside, a close above the key psychological levels of 300 would see the pair testing 320 (10-DMA)/361 (21-EMA)/374 (20-DMA)/400.

On the downside, support is seen at 280 (1h 50-SMA) and a break below would drag it to 251 (lower Bollinger)/ 237 (113% extension of 828.97 and 305.14)/200.

On the daily chart, RSI and stochs appear on the verge of a rollover from oversold levels.

A close above 300 levels, along with other bullish technical indicators, could see minor upside in the pair.

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