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Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback

ETHUSD showed a minor sell-off due to profit booking. Following yesterday's high of $2272, it is currently drifting at about $2192

Technicals

CMP -$2192

Trend

4- Hour chart

Value

 

 

55 EMA

$2120

CMP >55 EMA

Bullish

200- EMA

$2107

CMP >200- EMA

Bullish

365- EMA

$2189

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

95.39

ADX

Neutral

 

 

It is good to buy on dips around $2150 with SL around $2000 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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