# Crypto Technicals: ETH/USD recovery lacks traction, finds stiff resistance at 233 (110-EMA)

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2782
Published: 2019-07-25T10:13:24.000Z
Updated: 2019-07-25T10:13:24.000Z
Section: Investing

> Support: 185 (200-DMA); Resistance: 233 (110-EMA)

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

Exchange - Coinbase

Support: 185 (200-DMA); Resistance: 233 (110-EMA)

Technical Analysis: Bias Bearish

ETH/USD is attempting a tepid recovery, trades 2.7% higher on the day at 222 at 09:30 GMT.

Recovery attempts lack traction, upside finds stiff resistance at 110-EMA at 233.

Price action is extending sideways, consolidating below 110-EMA. Bias remains neutral to slightly bearish.

Technical indicators do not provide a clear directional bias. Sideways grind to continue for now.

Breakout above 110-EMA could see minor upside. Breach at 200-EMA support will open up downside.

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)