Crypto Technicals: ETH/USD struggles at 55-EMA, breakout to support further gains

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 182.95 (21-EMA); Resistance: 188.84 (55-EMA)

Technical Analysis: Bias Neutral

ETH/USD was trading 0.67% lower on the day at 185.59 at 05:55 GMT, intraday bias is neutral to slightly bullish.

The pair is consolidating previous session's gains and minor retracement has held above 200H SMA support.

Buying pressure at lows seen, with 'Hammer' formation on the hourly charts around 200 SMA support.

Technical indicators do not provide a clear directional bias. Volatility is low. Further sideways grind likely.

Break above 55-EMA will find next major hurdle at 110-EMA at 198.29. Bearish invalidation only above 200-DMA.

21-EMA is immediate support at 182.95. Break below will see test of 20-DMA at 178.95.

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