ETHUSD gained momentum after the SEC dropped the ETH probe. It hit a high of $3624 yesterday and is currently trading around $3592.
“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” According to Consensys.
The intraday bullishness is possible if it holds above $4000. On the higher side, the near-term resistance is $4000. Any significant jump above the target is $4500/$5000—significant bullish continuation only above $4800.
The immediate support is around $3300. Any breach below $3500 confirms a bearish continuation. A dip to $3200/$3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.
It is good to buy on dips around $3500 with SL around $3200 for TP of $4500.
