Crypto Technicals: ETH/USD breaks above 55-EMA (190.12), on track to test 110-EMA (199.82)

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 190.13 (55-EMA); Resistance: 199.82 (110-EMA)

Technical Analysis: Bias Bullish

ETH/USD is consolidating previous session's gains, bias bullish.

The pair is trading marginally higher at 194.24, up 0.51% at 04:50 GMT.

Price action has broken above 21-EMA and daily cloud base, scope for further upside.

Momentum studies on the daily charts are bullish. RSI is above 50 and bias higher.

Bullish 5-DMA crossover on 20-DMA and bullish MACD line crossover on signal line supports further gains.

Next bull target lies at 110-EMA at 199.82 ahead of 23.6% Fib at 202.23.

55-EMA is immediate support at 190.10, break below could see dip till 50-DMA at 183.82.

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