ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600

ETHUSD trades flat after a massive sell-off. It hits an intraday high of $2834 and is currently trading around $2820.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $2821.20

EMA (1-hour chart)

55-EMA- $2859

200-EMA- $2932

365-EMA- $2995. The pair trades below short and below long-term moving average.

Major Support - $2600. Any breach below $2960 will drag the pair down to $2500/$2300/$2000.

Major Resistance - $3000.  Any break above $3100 confirms minor bullishness, a jump to $3200/$3320/$3458/$3565/$3700/$4000.

Indicators (1-hour chart)

CCI(50)- Bearish

ADX-  Neutral

 Investment Strategy for ETHUSD

It is good to buy on dips around $2748-50 with a stop loss around $2600 for target profits of $3540/$3600.