FxWirePro: ETH/USD faces strong resistance at $14.40, good to buy at dips

• Major resistance - $14.85 (May 20th high)
   
• Major intraday support - $12.94 (4 H Kijun-Sen)
   
• ETH/USD price once again declined after spiking higher till $14.2980 yesterday. It is currently trading around $13.86.
   
• The pair is struggling to break above minor resistance $14.40 high made yesterday .So slight dip till $12.95-$12.40 (100 day 4H EMA) is possible.
   
• On the lower side intraday support is around $13.40 and any break below targets $12.95/$12.40 (4 H 100 day EMA)
   
• Ethereum is facing resistance of $14.40 on the higher side and any break above will take the pair till $14.85/$15.20
   
• MACD- Bearish zone minor correction is possible
   
• StochRSI- bearish zone

It is good to buy at dips around $13 with SL around $12.40 for the TP of $14.40/$14.85/$15.17