Ichimoku analysis (4-Hourly chart)
Tenken-Sen- $2149
Kijun-Sen- $2124
ETHUSD has broken major resistance to $2200 after a long consolidation and hits an all-time high at $22233. The pair was one of the best performers in the past three weeks and surged more than 30%. Short term trend of this pair is bullish as long as support $1930 holds. It is currently trading around $2078.
On the lower side, ETHUSD is facing strong support around $2098 and any violation below will drag the pair down to $2040/$2000/$1930.
The near-term resistance is at $2225, any indicative break above targets $2295/$2500.Significant trend continuation only if it closes above $2210.
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 –Bullish
Directional movement index –Bullish
It is good to buy on dip around $2100 with SL around $2000 for TP of $2490.
