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Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?

Ethereum struggling to break above $2200 as markets doubts US-Iran talks. After hitting a high at $2198 this week, it’s currently hovering near $2185. Technicals CMP -$2185 Trend 4- Hour chart Value 55 EMA $2139 CMP > 55…

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Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
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Ethereum struggling to break above $2200 as markets doubts US-Iran talks. After hitting a high at $2198 this week, it’s currently hovering near $2185.

 

Technicals

CMP -$2185

Trend

4- Hour chart

Value

 

 

55 EMA

$2139

CMP > 55 EMA

Bullish

200- EMA

$2130

CMP > 200- EMA

Bullish

365- EMA

$2255

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)

Neutral

-4

ADX

Neutral

 

 

It is good to buy on dips around $2150 with SL around $2000 for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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