ETHUSD Breaks $3000 — Bulls Charge Toward $3500+ After BTC Lead

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.