ETHUSD trades above $3000 following the footsteps of BTC. It hits an intraday high of $3041 and is currently trading at $3025.
Oscillators and moving averages to forecast the trend of ETHUSD
CMP- $3026
EMA (1-hour chart)
55-EMA- $2960
200-EMA- $2987
365-EMA- $3035. The pair trades above short (55- H EMA) and 200 and below 365 -1H EMA.
Major Support - $2900. Any breach below $2900 will drag the pair down to $2600/$2500/$2300/$2000.
Major Resistance - $3035. Any hourly close above $3035 confirms minor bullishness, a jump to $3130/$3200/$3300/$3458/$3565/$3700/$4000.
Indicators (4-hour chart)
CCI(50)- Bullish
ADX- Bullish
5. Investment Strategy for ETHUSD
It is good to buy above $3035 with a stop loss around $2897 for target profits of $3540/$3600.


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