# Crypto Technicals: ETH/USD holds 21-EMA support (241), break below could see further downside

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2058
Published: 2019-05-31T06:59:06.000Z
Updated: 2019-05-31T06:59:06.000Z
Section: Investing

> Support: 241.25 (21-EMA); Resistance: 264.15 (5-DMA)

[ETH/USD](<https://www.tradingview.com/symbols/ETHUSD/>) chart - Trading View

Exchange - Coinbase

Support: 241.25 (21-EMA); Resistance: 264.15 (5-DMA)

Technical Analysis: Bias Neutral

ETH/USD edges higher from session lows at 245, trades largely unchanged at 254 at 06:30 GMT.

The pair hit new 8-month highs at 288 on Thursday's trade before paring gains to close at 254 levels.

Price action holds 21-EMA support at 241, trades with a neutral to slightly bearish bias.

The pair has formed successive spinning tops and Dojis which suggest indecision.

Stochs and RSI have rolled over from overbought levels and 5-DMA is showing a slight turn.

Break below support at 21-EMA will see further downside. Scope for test of 55-EMA at 206.

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).

## Links in this article

- [ETH/USD](https://www.tradingview.com/symbols/ETHUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)