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ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target

ETHUSD gained above $2500 as demand for riskier assets increases. It reached an intraday high of $2000 and is currently trading around $1996.

Technicals

CMP -$1996

Trend

1- Hour chart

Value

 

 

55 EMA

$2354

CMP>55 EMA

Bullish

200- EMA

$2088

CMP> 200 EMA

Bullish

365- EMA

$2001

CMP >365 EMA

Bullish

800-EMA

$2030

CMP>800 EMA

Bullish

 Major support- $2350/$2200/$2000/$1800/ $1500. Minor bullishness only above $2600. Any violation above targets $2770/$2880/$3000/$3200.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

86.59

ADX

Neutral

 

 It is good to  buy on dips around $2300 with SL around $2000 for a TP of $3000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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