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Ethereum Braces for $3,000: Bullish Momentum Eyes Next Major Breakout

 

 

 

Ethereum trades in a narrow range after a jump of more than $500. After hitting a peak around $2386, it’s currently hovering near $2324.

 

Technicals

CMP -$2324

Trend

4- Hour chart

Value

 

 

55 EMA

$2121

CMP > 55 EMA

Bullish

200- EMA

$2127

CMP > 200- EMA

Bullish

365- EMA

$2285

CMP >365 EMA

Bullish

 

Major support- $1700/$1500. Minor bullishness only above $2386. Any violation above targets $2500/$2700/$2880/$3000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

129.30

ADX

Bullish

Strength increased from 45 to 48

 

It is good to buy on dips around $2200, with a SL of $2000 and a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

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