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Ethereum Trims Gains to $1996 – Load Up on Dips Near $1970 for $2500 Breakou

Following Bitcoin's example, ETHUSD cut back some of its increases. The pair trades near $2000.24 after reaching an intraday high of $2002.35.

 

Technicals

CMP -$1996

Trend

1- Hour chart

Value

 

 

55 EMA

$1980

CMP > 55 EMA

Bullish

200- EMA

$1968.94

CMP > 200- EMA

Bullish

365- EMA

$1989

CMP >365 EMA

Bulllish

 

Major support- $1700/$1500. Minor bullishness only above $2150. Any violation above targets $2300/$2380/$2500.

 

Momentum indicator (1-hour chart)

Inference

Value

CCI(50)

Neutral

 

ADX

Neutral

 

 

 

It is good to buy on dips around $1968-70 with SL around $1800 for a TP of $2380/$2500.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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