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ETH prices jumped after a minor sell-off.
ETHUSD has traded between $2717 and $2467 for the past four days. It hit a high of $2592 at the time of writing and is currently trading around $2537.
According to sentiment data, ETH added nearly 90000 new addresses per day in the past week.ETH supply hits an all-time low at 8.05% in Dec 2023.
The intraday weakness can be seen if it breaks below $2450. On the lower side, the near-term support is $2450. Any break below targets $2350/$2200/$2000. Significant downtrend if it breaks $1900.
The immediate resistance stands at around $2700. Any violation above $2700 confirms a minor jump to 3000/$3580 is possible. A surge past $3600 will take Ethereum to $4000/$4800
It is good to buy on dips around $2500 with SL around $2350 for TP of $3580.
