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ETHUSD is consolidating after a massive sell-off. It hit a high of $2264 yesterday and is currently trading around $2225.80.
The Securities and Exchange Commission (SEC) delayed its timeline for Blackrock ETH ETF to Mar 23rd, 2024. Markets eye ECB policy and US GDP for further movement.
The intraday bullishness can be seen if it breaks above $2300. On the higher side, the near-term resistance is $2300. Any break above targets $2375/$2450. Significant bullish continuation only above $2700.
The immediate support is around $2100. Any intraday break blow of $2100 confirms a minor decline to $2000/$1900is possible. A violation below $1870 will drag the Ethereum to $1500.
It is good to buy on dips around $2000 with SL around $1900 for TP of $2500.
