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Ethereum Eyes the $3,000 Milestone: ETH Bulls Shatter Key Resistance Following Bitcoin’s Lead

 

 

ETHUSD breaks significant resistance $2386 (Mar 16th high)  following the footsteps of BTC. It hits an intraday high of $2397, it is currently drifting at about $2374.

 

Technicals

CMP -$2374

Trend

4- Hour chart

Value

 

 

55 EMA

$2208

CMP >55 EMA

Bullish

200- EMA

$2143

CMP >200- EMA

Bullish

365- EMA

$2198

CMP >365 EMA

Bullish

 Major support- $1700/$1500. Minor bullishness only above $2400. Any violation above targets $2500/$2700/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

232.99

ADX

Bullish

Strength increased from 29.66 to 35.74

 It is good to buy on dips around $2300, with an SL around $2150, for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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