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ETHUSD trades weak for the sixth consecutive day following the footsteps of BTC. It hit a low of $2361 at the time of writing and is currently trading around $2382.
The market eyes Dencun upgrade which will reduce transaction costs and scalability.
The intraday weakness can be seen if it breaks below $2300. On the lower side, the near-term support is $2350. Any break below targets $2300/$2200/$2000. Significant downtrend if it breaks $1900.
The immediate resistance stands at around $2450. Any intraday break above $2500 confirms a minor jump to $2568/$2615/$2700 is possible. A surge past $2700 will take Ethereum to $3000.
It is good to buy on dips around $2300 with SL around $2200 for TP of $3000.
