# Crypto Technicals: ETH/USD tracks Bitcoin higher, tests 23.6% Fib above $230 mark By Anupama Grandhi Canonical URL: https://www.tokenpost.com/news/investing/2910 Published: 2019-08-05T07:32:31.000Z Updated: 2019-08-05T07:32:31.000Z Section: Investing > Support: 218.24 (20-DMA); Resistance: 240.09 (55-EMA)/ 256.72 (38.2% Fib) [ETH/USD]() chart - Trading View Exchange - Coinbase Support: 218.24 (20-DMA); Resistance: 240.09 (55-EMA)/ 256.72 (38.2% Fib) Technical Analysis: Bias Slightly Bullish Ethereum is tracking gains in the kingcoin, opens the week on a bullish note. ETH/USD spiked around 3% higher on the day to hit highs of 231.21 before paring some gains. The pair edges lower from 3-week highs at 231.21, trades at 228.91 at 07:00 GMT. Stiff resistance seen at 231 (nearly converged 110-EMA and 23.6% Fib). Technical indicators on the daily charts are turning slightly bullish. Stochs and RSI are biased higher. MACD shows a bullish crossover on signal line and positive DMI shows crossover on negative DMI. The pair has resumed upside with a 'Dragonfly Doji' formation on the weekly charts. Break above 110-EMA resistance will see further upside. Next bull target lies at 55-EMA at 240 ahead of 38.2% Fib at 256.72. Rejection at 110-EMA and break below 20-DMA support (218.24) negates bullish bias. ## Links in this article - [ETH/USD](https://www.tradingview.com/symbols/ETHUSD/)