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Ethereum Retreats in Bitcoin’s Shadow: ETH/USD Tests Critical Support at USD 2,075

Ethereum pared some of its gains following the footsteps of ETH. After hitting a peak around $2199, it’s currently hovering near $2075.

Technicals

CMP -$2075

Trend

4- Hour chart

Value

 

 

55 EMA

$2131

CMP < 55 EMA

Bearish

200- EMA

$2132

CMP < 200- EMA

Bearish

365- EMA

$2251

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

-120.71

ADX

Bearish

Strength increased from 14.47 to 17.48

 

It is good to buy on dips around $2000 with SL around $1700 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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