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Ethereum Follows the Leader: ETH Eyes 2,500 USD as Bullish Momentum Builds

ETHUSD trades higher following the footsteps of BTC. It touched an intraday high of $2418 and is currently trading at approximately $2415.

 

Technicals

CMP -$2415

Trend

4- Hour chart

Value

 

 

55 EMA

$2329

CMP<55 EMA

Bearish

200- EMA

$2278

CMP >200- EMA

Bullish

365- EMA

$2264

CMP >365 EMA

Bullish

 Major support- $2200/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

109.48

ADX

Bullish

Strength increased from 25.20 to 30.48

 

It is good to buy on dips around $2300 with SL around $2200 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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