ETHUSD lost more than $100 after a minor pullback. It hit a high of $2613 yesterday and is currently trading around $2512.
Ethereum Dencun upgrade went live on the Geoeril testnet around 1:35 am GMT. The introduction of EIP-4844 which helps reduce storage demands. It helps to reduce transaction costs for Eth dApps.
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.
