# Crypto Technicals: ETH/USD holds 20-DMA support, break below will see further correction

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2072
Published: 2019-06-03T09:13:24.000Z
Updated: 2019-06-03T09:13:24.000Z
Section: Investing

> Support: 248.03 (21-EMA); Resistance: 278.72 (Upper BB)

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

Exchange - Coinbase

Support: 248.03 (21-EMA); Resistance: 278.72 (Upper BB)

Technical Analysis: Bias Neutral to slightly bearish

ETH/USD extends sideways grind along 5-DMA support. Doji formation on previous weeks' candle keep upside limited.

Volatility is shrinking on the daily charts, scope for further consolidation.

The pair is trading 3.1% lower on the day at 260.88 at 08:55 GMT.

Price action is holding support at 20-DMA, break below will see further weakness.

Stochs and RSI have turned bearish and are showing a 'bearish divergence' from price action.

Break below 20-DMA finds next major support at 21-EMA at 247.96 ahead of 23.6% Fib at 236.64.

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)