Crypto Technicals: ETH/USD slips below 5-DMA, 'Death Cross' to plummet prices

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 155.85 (Trendline); Resistance: 175.23 (5-DMA)

Technical Analysis: Bias Bearish

ETH/USD trades 1.51% lower on the day at 172.12 at 10:50 GMT, bias is bearish.

The pair is extending weakness after rejection at 21-EMA, slips below 5-DMA support.

Technical indicator on the intraday charts are bearishly aligned. RSI well below 50 which supports downtrend.

Volatility is rising and a potential 'Death Cross' (bearish 50-DMA crossover on 200-DMA) adds downside pressure.

Next bear target lies at 155.85 (trendline support) ahead of Apr 25th low at 146.

5-DMA is immediate resistance at 175.23. Breakout above 21-EMA (183.95) will negate near-term bearish bias.

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