ETHUSD traded extremely weak for the second consecutive day and lost more than $250. It hit a low of $2198 at the time of writing and is currently trading around $2213.
Ethereum whales have accumulated nearly $1 billion worth of ETH in the past month. According to data from Ali Martinez, ETH whales acquired over 410000 ETH tokens in Dec.
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 $2000/$1900. Significant downtrend if it breaks $1900.
The immediate resistance stands at around $2320. Any intraday break above $2360 confirms a minor jump to $2450/$2500 is possible. A surge past $2500 will take Ethereum to $2700.
It is good to buy on dips around $2000 with SL around $1900 for TP of $2500.
