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FxWirePro- Major Crypto levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
NZDJPY Plunges Below 90 Amidst Broad New Zealand Dollar Weakness; Resistance at 90.80 Key for Downside Continuation 
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ETHUSD gained sharply above $2700 as institutional demand increases. It reached an intraday high of $2741.98 and is currently trading around $2741.84.
Over the past five trading sessions, US spot Ethereum ETFs saw substantial net inflows of almost $746.5 million; daily inflows were positive from September 18th to 24th, albeit they show a declining trend after peaking at $270 million on September 21st. Although the most recent $66.1 million inflow on September 24th still points to ongoing institutional demand, the declining sequence points to a cooling momentum that needs to be watched; total net inflows since introduction are estimated at $13.88 billion.
|
Technicals |
CMP -$2737 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$2637 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2472 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$2329 |
CMP >365 EMA |
Bullish |
|
800-EMA |
$2204 |
CMP>800 EMA |
Bullish |
Major support- $2470/$2300/$1800/ $1500/$1200/$1000. Major bullishness only above $2820. Any violation above targets $2880/$3000/$3200.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
32.68 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2620 with SL around $2470 for a TP of $3000/$3200.
