ETH/USD is trading in a close range on Thursday with its upside capped by 10-DMA. It is currently trading at 569 levels at the time of writing (Coinbase).

On the upside, a break above 576 (10-DMA) would see the pair testing 592 (Cloud bottom)/644 (50-DMA). Further strength would target 678 (4h 200-SMA)/704 (200-DMA).

On the downside, short-term support is seen at 559 (1h 50-SMA) and a break below would target 532 (1w 50-SMA)/517 (1w 55-EMA)/500. Further weakness would drag the pair to 460 (78.6% retracement of 360 and 828.97).

Momentum studies: On the daily chart, RSI is below 40 and MACD line is below the signal line, while stochs have rolled over from the oversold levels. Intraday bias appears bullish.

Watch out for a break above 10-DMA for minor bullishness in the pair.

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