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ETHUSD surged sharply following the foot steps of Bitcoin. It hits an intraday high of $2616 and is currently trading around $2587.
Overall trend remains bullish as long as support $2300 remains intact. The key near-term resistance is at $2620 any breach above targets $2770/$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 $2500 with SL around $2300 for a TP of $3000/$4000.
