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Ethereum Stays Resilient: ETHUSD Follows Bitcoin's Lead Above USD 2,300

 

 

ETHUSD holds above $2300 following the footsteps of BTC.Following yesterday's high of $2443, it is currently drifting at about $2312.

Technicals

CMP -$2312

Trend

4- Hour chart

Value

 

 

55 EMA

$2305

CMP >55 EMA

Bullish

200- EMA

$2203

CMP >200- EMA

Bullish

365- EMA

$2224

CMP >365 EMA

Bullish

 Major support- $1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-23.98

ADX

Neutral

 

 

It is good to buy on dips around $2200, with an SL around $2200 and a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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