FxWirePro- Ethereum Daily Outlook

ETHUSD  consolidated in a narrow range between $2239 and $2330 for the past four days. It hit a high of  $2330 at the time of writing and is currently trading around $2322.

The intraday bullishness can be seen if it breaks above $2330. On the higher side, the near-term resistance is $2330. Any break above targets $2350/$2375/$2400. Significant bullish continuation only above $2700.

The immediate support is around $2225. Any intraday break below will drag the pair to $2165/$2100.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 $2250 with SL around $2100  for TP of $2700.