Crypto Technicals: ETH/USD struggles at 200H MA (154.11), breakout to fuel more gains

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 147.80 (5-DMA); Resistance: 154.11 (200H MA)

Technical Analysis: Bias Neutral

Ethereum extends rangebound trade into the European session, bias remains neutral.

The pair is struggling to extend previous session's gains, 'Doji' formation seen on the daily charts.

ETH/USD was trading at 153.39, up 0.15% at 06:50 GMT after closing 3.50% higher in the previous session.

Stiff resistance is seen at 200H MA (currently at 154.11), break above will see further gains. Next major resistance lies at 21-EMA at 164.88.

Failure to break past 200H MA and retrace below 5-DMA will see resumption of weakness.

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