ETHUSD trades higher follows the footsteps of Bitcoin. It hit a high of $3389 at the time of writing and is currently trading at around $3387.
ETH ETF has seen outflows of $341.80 million in its first week. The Graysacle ETHE has seen a significant outflow of 1.5 billion.
The intraday bullishness is possible if it holds above $3400.On the higher side, the near-term resistance is $3400. Any significant jump above the target is $3500/$3630/$3700. Significant bullish continuation only above $4800.
The immediate support is around $3200. Any breach below $3200 confirms bearish continuation. A dip to $3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.
It is good to buy on dips around $3200 with SL around $3000 for TP of $4500.
