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Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw

 

Demand for safe-haven assets rose as Middle East tensions subsided, pushing Ethereum above the $2200 level. Following yesterday's high of $2272, it is currently drifting at about $2249.

Technicals

CMP -$2249

Trend

4- Hour chart

Value

 

 

55 EMA

$2100

CMP >55 EMA

Bullish

200- EMA

$2101

CMP >200- EMA

Bullish

365- EMA

$2189

CMP >365 EMA

Bearish

 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

264

ADX

Bullish

Strength increased from 19 to 25.20

 

It is good to buy on dips around $2200 with SL around $2000 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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