Crypto Technicals: ETH/USD trades rangebound, capped below 5-DMA

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 152.85 (Trendline); Resistance: 180.11 (21-EMA)

Technical Analysis: Bias Bearish

ETH/USD was trading largely rangebound on the day at 171.33 at 07:00 GMT.

The pair is consolidating previous sessions losses, bias has turned bearish.

Upside in the pair was capped below stiff resistance at 21-EMA and daily cloud.

Momentum studies are bearish, RSI is well below 50 mark, MACD is in negative territory and ADX supports downside.

Next bear target lies at 152.85 (trendline) ahead of 78.6% Fib at 141.35.

'Bullish divergence' may limit downside, retrace above 21-EMA negates near-term bearishness.

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