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Ethereum Cracks $2,000 Again – Bears Dominate: Sell Rallies to $2,068–70, Target $1,750/$1,500

ETHUSD has been consolidating in a narrow range between $2150 and $1742 for the past 2 weeks. Yesterday's high was $2038, and it is now trading near $1964.51.

 

Technicals

CMP -$1964.51

Trend

4- Hour chart

Value

 

 

55 EMA

$1976.96

CMP < 55 EMA

Bearish

200- EMA

$2011

CMP < 200- EMA

Bearish

365- EMA

$2102

CMP < 365 EMA

Bearish

 

Major support- $1700/$1500. Minor bullishness only above $2150. Any violation above targets $2300/$2380.

 

Momentum indicator (1-hour chart)

Inference

Value

CCI(50)

Bearish

-45.72

ADX

Neutral

Strength -  10.42. Declined from 11.55

 

It is good to sell on rallies around $2068-70 with SL around $2200 for a TP of $1750/$1500.

 

 

 

 

 

 

 

 

 

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