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Ethereum Follows Suit: ETHUSD Tracks Bitcoin's Surge Toward Key Resistance

ETHUSD trades higher following the footsteps of BTC. It touched an intraday high of $2389 and is currently trading at approximately $2382.

 

Technicals

CMP -$2382

Trend

4- Hour chart

Value

 

 

55 EMA

$2319

CMP>55 EMA

Bullish

200- EMA

$2271

CMP >200- EMA

Bullish

365- EMA

$2257

CMP >365 EMA

Bullish

 Major support- $1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

171

ADX

Bullish

Strength increased

 

It is good to buy on dips around $2300 with SL around $2200 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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