Crypto Technicals: ETH/USD rangebound, can 'Hammer' shift near-term trend?

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 144.65 (Trendline); Resistance: 173.56 (5-DMA)

Technical Analysis: Bias Bearish

ETH/USD is trading in an extremely narrow range with session highs at 166.59 and lows at 163.47.

The pair retraced from 5-month lows at 152.11 to close at 165.85 on Thursday's trade.

A 'Hammer' pattern formed on the previous day's candle keeps scope for more recovery in the pair.

Further, the occurrence of bullish divergence on RSI and Stochs raises chances of upside.

No signs of upside yet on the intraday charts. Price grinds sideways along 21-EMA on the hourly charts.

Break above 21H EMA (165.55) finds next hurdle at 5-DMA at 173.49. Break above 5-DMA could see further gains.

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