Crypto Technicals: ETH/USD holds support at 200H SMA, 'Bullish Divergence' keeps scope for upside

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 176.11 (200H SMA); Resistance: 185.92 (21-EMA)

Technical Analysis: Bias Neutral

ETH/USD has retraced brief dip below 200H SMA and was trading at 176.59 at 10:25 GMT.

The pair is holding break above 5-DMA and slight turn in 5-DMA seen. Stochs are showing a rollover from oversold levels.

Major trend is bearish, but 'Bullish Divergence' on Stochastics keeps scope for upside in the pair.

21-EMA is immediate resistance at 185.92, break above will see test of 200-DMA at 201.88.

Decisive break below 200H SMA (176.11) will plummet prices. Scope then for dip till trendline support at 156.85.

TokenPost | [email protected]