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FxWirePro- Ethereum Daily Outlook
ETHUSD formed a double bottom around $2165 and showed a minor pullback. It hit a low of $2168 yesterday and is currently trading around $2243.
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/$2000 (200-day EMA). Significant downtrend if it closes below $2000.
The immediate resistance stands at around $2295 (23.6% fib). Any intraday break above $2295 confirms a minor jump to $2373 (200-4H EMA)/$2400/$2450 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.
