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.


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