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ETH prices pared some of its gains after three months of uptrend.
ETHUSD declined nearly $250 on profit booking. After a minor sell-off, two whale wallets bought 674.15 ETH at $2225 and another 674.55 ETH at $2224.This confirms strong market sentiment. It hit a low of $2100 and is currently trading around $2238.57.
The bullish invalidation can happen if the pair closes below $1870. On the lower side, the near-term support is $2100. Any break below targets $1935/$1870. Significant downtrend if it breaks $1500.
The immediate resistance stands at around $2250. Any breach above confirms a minor pullback. A jump to $2500/$2875/$3000 is possible. A surge past $3000 will take Ethereum to $3350/$3500.
It is good to buy on dips around $2100-05 with SL around $1870 for TP of $2500/$2875.
