Crypto Technicals: ETH/USD holds 21-EMA support (241), break below could see further downside

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 241.25 (21-EMA); Resistance: 264.15 (5-DMA)

Technical Analysis: Bias Neutral

ETH/USD edges higher from session lows at 245, trades largely unchanged at 254 at 06:30 GMT.

The pair hit new 8-month highs at 288 on Thursday's trade before paring gains to close at 254 levels.

Price action holds 21-EMA support at 241, trades with a neutral to slightly bearish bias.

The pair has formed successive spinning tops and Dojis which suggest indecision.

Stochs and RSI have rolled over from overbought levels and 5-DMA is showing a slight turn.

Break below support at 21-EMA will see further downside. Scope for test of 55-EMA at 206.

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