Ethereum’s $3,000 Crossroads: Buy the Dip or Brace for the $2,000 Cliff? 
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
ETH Bulls Smash Trendline – $4,000 Next as Whale Squeeze Tightens 
Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout 
BTC Bulls Defend $90,000 – One Fed Spark Away from $100K Explosion 
ETH Whales on Rampage: BitMine Snags 138K ETH as $3,000 Holds Firm – Bulls Gear Up for $4,000 Moonshot 
ETH/EUR pair is trading in narrow range between 230 and 262 for the past three trading session. It has formed a temporary top around 385 and further bullish continuation only above that level. It is currently trading around 249.29 at press time.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 243
Kijun-Sen level: 289
Minor Trend reversal level - (89 EMA) – 183
Long-term trend remains to be bullish. ETH/EUR faces intraday major support at 230 (61.8% retracement of 193 and 293) and any break below will drag the pair till 193.
The major resistance is around 267 (trend line joining 385 and 353) and any break above targets 293/ 313 (61.8% retracement of 385 and 193). Short term support is seen at 230 and any break below will drag the pair till 193/170/115.
It is good to buy on dips around 245 with SL around 230 for the TP of 292/313.
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©Econometrics LLC . All Rights Reserved.
FxWirePro: ETH/EUR downside capped by 61.8% fibo, good to buy on dips
Tuesday, July 4, 2017 6:56 AM UTC
Editor's Picks
- Market Data
Most Popular
3
