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Ethereum Follows Bitcoin’s Lead: ETH Blasts Above $2050, Hits $2077 High – Buy Dips to $2000 for $2500 Rocket?

ETHUSD trades above $2050 following the footsteps of Bitcoin. The pair hits an intraday high of $2077 and is now trading around $2075  on Wednesday.

 

Technicals

CMP -$2068

Trend

1- Hour chart

Value

 

 

55 EMA

$1960.51

CMP > 55 EMA

Bullish

200- EMA

$1961.10

CMP > 200- EMA

Bullish

365- EMA

$1987

CMP >365 EMA

Bulllish

 

Major support- $1700/$1500. Minor bullishness only above $2150. Any violation above targets $2300/$2380/$2500.

 

Momentum indicator (1-hour chart)

Inference

Value

CCI(50)

Bullish

161.42

ADX

Bullish

 

 

 

It is good to buy on dips around $2000 with SL around $1800 for a TP of $2380/$2500.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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