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Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum

 

Ethereum trades higher as Iranian President Masoud Pezeshkian recently stated that Iran is ready to end its ongoing war with the US and Israel, but only under specific preconditions. It is presently floating at around $2138, following reaching a high of $2199.

Technicals

CMP -$2137

Trend

4- Hour chart

Value

 

 

55 EMA

$2071

CMP > 55 EMA

Bullish

200- EMA

$2103

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)

Bullish

80.91

ADX

Bullish

Strength increased from 20.75 to 22

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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