ETHUSD: Bull Trend Intact, $4000 in Sight?

ETHUSD showed a minor pullback of more than $150 following the footsteps of BTC.  It hit a high of  $2557 at the time of writing and is currently trading around $2552.

In the past 15 days, U.S."-listed spot Ethereum ETFs have inched a record high of $812 million to $815 million in daily net inflows this year, with BlackRock's iSharesum Ethereum Trust (ETHA) leading by $55 million over the last five trading days alone, signaling growing confidence among institutional and retail investors alike.

Technical Outlook and Trading Strategy

Overall trend remains bullish as long as support of $2300 remains intact. Watch out for $2770, any daily close above targets $3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.I

Immediate support is around $2500. Any violation below will drag the price down to $2450/$2300/$2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.I

t is good to buy on dips around $2530-32 with SL around $2300 for a TP of $3000/$4000.