FxWirePro- ETHUSD Daily Outlook

Ichimoku analysis (4-Hourly chart)

Tenken-Sen- $2024

Kijun-Sen- $2040

ETHUSD is trading higher for the second consecutive days and surged more than $150.The pair was one of the best performers this year and surged nearly 150%. Short term trend of this pair is bullish as long as support $1910 holds.  It hits an intraday high of $2100 and is currently trading around $2078.

On the lower side, ETHUSD is facing strong support around $1910 (38.2% fib) and any violation below will drag the pair down to $1838-49 (200- 4H MA)/$1761.

The near-term resistance is at $2155, any indicative break above targets $2295/$2500.Significant trend continuation only if it closes above $2000.

Ichimoku Analysis- The pair is trading well above 4-hour Kijun-Sen, Tenken-Sen, and cloud. This confirms minor bullishness.

Indicator (4 Hour chart)

CAM indicator –neutral

Directional movement index –neutral

It is good to buy on dip around $2000 with SL around $1910 for TP of $2295.