Crypto Technicals: ETH/USD recovery attempt lacks traction, little support till 146 level

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 146 (trendline and Apr 25 low); Resistance: 177.25 (21H EMA)

Technical Analysis: Bias Bearish

ETH/USD consolidates previous session's slump, bias still strongly bearish.

The pair is attempting a tepid recovery from 4-month lows at 157.75, but upside lacks traction.

Stochs and RSI are sharply lower with room for further downside. RSI is below 50 mark.

MACD shows bearish crossover on signal line and GMMA indicator shows shift in short-term trend to bearish.

Major supports on the downside align at 146 (trendline and Apr 25 low) ahead of 141.14 (78.6% Fib).

Immediate resistance lies at 177.25 (21H EMA), break above could see minor gains.

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