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ETHUSD Skyrockets Past $4300: Bullish Surge Fuels Trading Opportunities

 

ETHUSD surged past $4300 following the footsteps of BTC. It hits an intraday high of $4316 and is currently trading around $4297.

Oscillators and moving averages to forecast the trend of ETHUSD

 

CMP- $4298

 

EMA (4-hour chart)

 

55-EMA- $4156

 

200-EMA- $4267


365-EMA- $4139. The pair trades above the short and long-term moving averages.

 

Prevoius week low- $3825 (Sep 25th low). Any breach below $3800 will drag the pair down to $3500/$3000.

 

Previous week high- $4458 (Sep 22nd high).  Any break above $4500 confirms minor bullishness, a jump to $4646/$4770/$5000.

 

Indicators (4-hour chart)

 

CCI(50)- Bullish

 

ADX- above 20 showing bullish bias

5. Investment Strategy for ETHUSD

It is good to buy on dips around $980 with a stop loss around $930 for target profits of $1100.

 

 

 

 

 

 

 

 

 

 

 

 

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