Crypto Technicals: ETH/USD grinds higher, on track to test 38.2% Fib at 211.08

ETH/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Bullish

Support: 174.78 (200-DMA); Resistance: 211.08 (38.2% Fib)

ETH/USD is extending gains above $190 mark, scope for further upside.

The pair was trading 1.82% higher on the day at 191.71 at around 05:30 GMT.

Momentum with the bulls, Stochs and RSI are biased higher. MACD and ADX supports gains.

Volatility is rising, the pair is extending gains above 200-DMA. Overbought oscillators may cause some correction.

55W EMA is strong resistance at 197.21. Break above will see upside continuation.

Next major bull target lies at 38.2% Fib at 211.08. 5-DMA is immediate support at 185.47. Retrace below 200-DMA (174.78) negates near-term upside bias.

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