ETHUSD is trading slightly higher, following in the footsteps of BTC. It hit a high of $2332 at the time of writing and is currently trading around $2306.
According to CryptoQuant data, the staked Ethereum market cap jumped to a new all-time high of $65B on Jan 28th, 2024.
The intraday bullishness can be seen if it breaks above $2350. On the higher side, the near-term resistance is $2350. Any break above targets $2375/$2450. Significant bullish continuation only above $2700.
The immediate support is around $2285. Any intraday break below will drag the pair to $2225/$2165.Any breach below $2100 confirms bearish continuation. A dip to $2000/$1900 is 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.
