ETHUSD outperforms crypto markets and jumped more than 1.50%. It hit a high of $2345 at the time of writing and is currently trading around $2322.
Ethereum 2.0 staking volume increased to 143103 ETH and 137472 ETH on Feb crossed $300M for the first time in 2024. The Decun upgrade is to be completed by Feb 7th and also supports Ethereum at lower levels.
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/$2400. Significant bullish continuation only above $2700.
The immediate support is around $2275. Any intraday break below will drag the pair to $2225/$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 $2275 with SL around $2200 for TP of $2700.
