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Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 
Ethereum pared some of its gains following the footsteps of BTC. It is presently floating at around $2037, following reaching a high of $2167 yesterday.
|
Technicals |
CMP -$2037 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2077 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$2104 |
CMP <200- EMA |
Bullish |
|
365- EMA |
$2213 |
CMP < 365 EMA |
Bearish |
Major support- $1700/$1500. Minor bullishness only above $2200. Any violation above targets $2386/$2500/$2700/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-18 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2000 with SL around $1700 for a TP of $2770.
