ETH prices trade flat after a massive rally of 60%.
ETHUSD has traded in a narrow range between $2447 and $2101 for the past month. According to Santiment data, Ethereum's largest wallet holding hits a time high of 56 million ETH. It hit a high of $2284 at the time of writing and is currently trading around $2271.80.
The intraday weakness can be seen if it breaks below $2100. 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 $2300. Any violation above $2300 confirms a minor 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.
