Bullish Harmonic Pattern Aligns with ETHUSD’s Path to $5000: Key Levels and Strategy Unveiled

Harmonic Pattern- Bullish AB=CD Pattern

Potential Reversal Zone (PRZ)- $3000

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $3330

EMA (4-hour chart)

55-EMA- $3787

200-EMA- $3990

365-EMA- $4044. The pair trades below short and long-term moving averages.

Major Support - $3000. Any breach below $3000 will drag the pair down to $2740/$2500/$2000.

Major Resistance - $3500.  Any break above $3500 confirms minor bullishness, a jump to $3770/$4000/$4300/ $4500/$4770/ $5000/$5263.

Indicators (4-hour chart)

CCI(50)- Bearish

ADX-  Bearish

5. Investment Strategy for ETHUSD

It is good to buy on dips around $3200 with a stop loss around $2740 for target profits of $5000/$5260.