Ethereum: Key Support at $2300 Eyed

ETHUSD lost its shine amid rising Middle East tension.  It hit an intraday low of  $2439 and is currently trading around $2520.

Overall trend remains bullish as long as support of $2300 remains intact. Watch out for $2636, any break above targets $2770/$2880/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

Immediate support is around $2300. Any violation below will drag the price down to $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 $2400 with SL around $2250 for a TP of $3000/$4000.