# Crypto Technicals: ETH/USD grinds sideways along 55H-EMA resistance, bias neutral

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2125
Published: 2019-06-06T11:04:38.000Z
Updated: 2019-06-06T11:04:38.000Z
Section: Investing

> Support: 239.64 (236% Fib); Resistance: 255.55 (20-DMA)

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

Exchange - Coinbase

Support: 239.64 (236% Fib); Resistance: 255.55 (20-DMA)

Technical Analysis: Bias Neutral to Slightly Bearish

ETH/USD grinds sideways at 1H 55-EMA resistance, downside supported at 1H 50-SMA.

RSI and Stochs are flat-lined on the hourly charts, intraday bias is neutral.

Price action has bounced off lower BB and is hovering around 21-EMA.

Technical analysis supports downside. Doji formation on previous weeks' candle limits upside.

Bearish 5-DMA crossover on 20-DMA, 'Bearish Divergence' on RSI and stochs keeps bias lower.

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

Break below 23.6% Fib eyes 55-EMA at 215.45. Retrace above 20-DMA could see further gains.

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)