# Crypto Technicals: ETH/USD hovers around 20-DMA, break below will support further weakness

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3820
Published: 2019-10-16T06:37:05.000Z
Updated: 2019-10-16T06:37:05.000Z
Section: Investing

> Support: 167.50 (Oct 6 low); Resistance: 182.30 (21-EMA)

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

Exchange - Coinbase

Support: 167.50 (Oct 6 low); Resistance: 182.30 (21-EMA)

Technical Analysis: Bias Bearish

ETH/USD was trading 0.43% lower on the day at 179.81 at 06:25 GMT, intraday bias bearish.

The pair is extending previous session's weakness, hovers around 20-DMA support (179.44).

Technical studies have turned bearish on the intraday charts. Stochs and RSI are biased lower.

Major trend is bearish, decisive break below 20-DMA will see dip till 168 levels.

Bullish divergence could limit downside. Next major support below 167.50 (Oct 6 low) lies at 159.30 (trendline).

Breach below trendline support will see test of 78.6% Fib at 141.35. Bearish invalidation only above 200-DMA.

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## Links in this article

- [ETH/USD](https://www.tradingview.com/symbols/ETHUSD/)
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