Ethereum trades in a narrow range after a jump of more than $500. After hitting a peak around $2386, it’s currently hovering near $2324.
|
Technicals |
CMP -$2324 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2121 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$2127 |
CMP > 200- EMA |
Bullish |
|
365- EMA |
$2285 |
CMP >365 EMA |
Bullish |
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 |
129.30 |
|
ADX |
Bullish |
Strength increased from 45 to 48 |
It is good to buy on dips around $2200, with a SL of $2000 and a TP of $2770.
