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Ethereum's surged sharply after breaking significant resistance $2200 as Bitmine increases accumulation. After hitting a peak around $2386 during the day, it’s currently hovering near $2331.
|
Technicals |
CMP -$2331 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2121 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$2115 |
CMP > 200- EMA |
Bullish |
|
365- EMA |
$2284 |
CMP <365 EMA |
Bearish |
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 |
213.96 |
|
ADX |
Bullish |
Strength increased from 45 to 48 |
It is good to buy on dips around $2280 with SL around $2148 for a TP of $2770.
