Ethereum Refuses to Stay Below $3,000 – $3,600 Next?

Following Bitcoin's path, ETHUSD holds above $3,000. Its intraday high of $3,086 is being traded presently near $3,051.40.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $3051

EMA (1-hour chart)

55-EMA- $2940

200-EMA- $2945

365-EMA- $2996. The pair trades above short and below long term moving average.

Major Support - $2600. Any breach below $2960 will drag the pair down to $2500/$2300/$2000.

Major Resistance - $3100.  Any break above $3100 confirms minor bullishness, a jump to $3200/$3320/$3458/$3565/$3700/$4000.

Indicators (1-hour chart)

CCI(50)- Bullish

ADX-  Bullish

5. Investment Strategy for ETHUSD

It is good to buy on dips around $2958-60 with a stop loss around $2700 for target profits of $3540/$3600.