ETHUSD Dip: Prime Buy Zone to $3600 Targets

ETHUSD pared some of its gains following the footsteps of BTC. It hit a high of $3075 and is currently trading $2959.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $2959

EMA (4-hour chart)

55-EMA- $2994

200-EMA- $3092

365-EMA- $3260. The pair trades above short and below the long term moving average.

Major Support - $2900. Any breach below $2900 will drag the pair down to $2600/$2500/$2300/$2000.

Major Resistance - $3200.  Any break above $3200 confirms minor bullishness, a jump to $3320/$3458/$3565/$3700/$4000.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX-  Bullish

5. Investment Strategy for ETHUSD

It is good to buy on dips around $2958-60 with a stop loss around $2700 for target profits of $3540/$3600.