ETHUSD pared some of its gains following the footsteps of Bitcoin. It hit a low of $2559 and is currently trading around $2605.30.
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.
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.
It is good to buy on dips around $2550-55 with SL around $2300 for a TP of $3000/$4000.
