Crypto Technicals: ETH/USD consolidates above 200H SMA, breakout at 21-EMA to support further gains

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 177.46 (5-DMA); Resistance: 202.33 (23.6% Fib)

Technical Analysis: Bias turning slightly bullish

ETH/USD is consolidating breakout at 200H SMA, pullback holds above support level.

5-DMA has turned and is biased higher, price action holds above 5-DMA support.

Upside however, finds stiff resistance at 21-EMA at 183.67. Break above required for further gains.

The pair was trading 0.70% lower on the day at 179.67 at 05:20 GMT, bias neutral to slightly bullish.

'Golden Cross' (bullish 50-DMA crossover on 200-DMA) on the hourly charts adds to the bullish bias.

Breakout at 21-EMA resistance eyes next hurdle at 55-EMA at 192.60 ahead of 23.6% Fib at 202.33.

On the flipside, rejection at 21-EMA and retrace below 5-DMA could see resumption of weakness.

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