ETHUSD recovered more than 30% following footsteps of Bitcoin. It hits an intraday high of $1829 and currently trading around $1815.
Overall trend remains bullish as long as support $1500 remains intact. The key near-term resistance is at $1875 (trend line joining $4109 and $3746) any breach above targets $2000/$2300/ $2500/$2770/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.
Immediate support is around $1500. Any violation below will drag the price down to $1200/$1000. A breach below $1450 could see Ethereum plummet to $1000.
It is good to buy above $1875 with SL around $1500 for a TP of $2770/$3000.
