Ethereum trades higher as Iranian President Masoud Pezeshkian recently stated that Iran is ready to end its ongoing war with the US and Israel, but only under specific preconditions. It is presently floating at around $2138, following reaching a high of $2199.
|
Technicals |
CMP -$2137 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2071 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$2103 |
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) |
Bullish |
80.91 |
|
ADX |
Bullish |
Strength increased from 20.75 to 22 |
It is good to buy on dips around $2000 with SL around $1700 for a TP of $2770.
