Ethereum pared some of its gains following the footsteps of BTC. After hitting a peak around $2199, it’s currently hovering near $2040.
|
Technicals |
CMP -$2040 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2127 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$2128.50 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$2246 |
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 |
-132 |
|
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.
