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Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback

 

Ethereum pared some of its gains following the footsteps of BTC.  It is presently floating at around $2037, following reaching a high of $2167 yesterday.

Technicals

CMP -$2037

Trend

4- Hour chart

Value

 

 

55 EMA

$2077

CMP < 55 EMA

Bearish

200- EMA

$2104

CMP <200- EMA

Bullish

365- EMA

$2213

CMP < 365 EMA

Bearish

 Major support- $1700/$1500. Minor bullishness only above $2200. Any violation above targets $2386/$2500/$2700/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-18

ADX

Neutral

 

 

It is good to buy on dips around $2000 with SL around $1700 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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