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ETH/USD Outlook: Ethereum Targets 2,770 USD as Support Holds Near 2,150 USD

Following the lead of BTC, ETHUSD decreased in value. Following last week's high of $2330, it is currently drifting at about $2181.

Technicals

CMP -$2181

Trend

4- Hour chart

Value

 

 

55 EMA

$2178

CMP >55 EMA

Bullish

200- EMA

$2132

CMP >200- EMA

Bullish

365- EMA

$2193

CMP <365 EMA

Bearish

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

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

7.48

ADX

Neutral

 

 It is good to buy on dips around $2150 with SL around $2000 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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