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Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red

ETHUSD trades above $2000 after hitting a low of $1964 . It reached intraday high of $2027 and is currently trading around $1999.80.

Technicals

CMP -$1998

Trend

4- Hour chart

Value

 

 

55 EMA

$2079

CMP<55 EMA

Bearish

200- EMA

$2179

CMP <200- EMA

Bearish

365- EMA

$2210

CMP <365 EMA

Bearish

 Major support- $1900/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-121.50

ADX

Neutral

Strength increased from 27.29 to 29

It is good to sell on rallies around 2048-50 with SL around $2200 for a TP of $1700.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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