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Technicals Over Tightening: Ethereum Rebounds from $2,356 Low After Fed Shock

ETHUSD declined below $2400 after a hawkish rate hike by the Fed.  It reached a low of $2356 and is currently trading around $2460.

Technicals

CMP -$2460

Trend

1- Hour chart

Value

 

 

55 EMA

$2464

CMP<55 EMA

Bearish

200- EMA

$2361

CMP >200- EMA

Bullish

365- EMA

$2233

CMP >365 EMA

Bullish

800-EMA

$2148

CMP>800 EMA

Bullish

 Major support- $2300/$1800/ $1500/$1200/$1000. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-68.40

ADX

Neutral

 

 It is good to  buy on dips around $2400 with SL around $2200 for a TP of $2770/$3000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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