Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro- Ethereum Daily Outlook

FxWirePro- Ethereum Daily Outlook 

ETH prices trade flat after a massive rally of 60%.
 
 
ETHUSD has consolidated in a narrow range between $2447 and $2101 for the past four weeks. Whale reports show that there were three massive transactions of 14462 ETH,20997 ETH, and 10051 ETH yesterday. It hit a high of $2296 and is currently trading around $2248.50.
 
The bullish invalidation can happen if the pair closes below $1920. On the lower side, the near-term support is $2100. Any break below targets $1935/$1870. Significant downtrend if it breaks $1500.
 
The immediate resistance stands at around $2300. Any violation above $2300 confirms a minor jump to $2500/$2875/$3000 is possible. A surge past $3000 will take Ethereum to $3350/$3500.
 
It is good to buy on dips around $2100-05 with SL around $1870 for TP of $2500/$2875.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.