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Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether

Bitmine raises its ETH holdings to 4.97 million ETH, driving up ETHUSD. After hitting a high of $2443 yesterday, it is currently trading around $2327. Technicals CMP -$2312 Trend 4- Hour chart Value 55 EMA $2308 CMP >55 …

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Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether
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Bitmine raises its ETH holdings to 4.97 million ETH, driving up ETHUSD. After hitting a high of $2443 yesterday, it is currently trading around $2327.

Technicals

CMP -$2312

Trend

4- Hour chart

Value

 

 

55 EMA

$2308

CMP >55 EMA

Bullish

200- EMA

$2211

CMP >200- EMA

Bullish

365- EMA

$2226

CMP >365 EMA

Bullish

 Major support- $1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-24.52

ADX

Neutral

 

It is good to buy on dips around $2200, with an SL around $2200 and a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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