ETHUSD gained momentum after Ark Invest/21 shares changed their ETH ETF framework. It hit a high of $2444 at the time of writing and is currently trading around $2419.
Markets awaiting the launch of the ERC-404 token for further direction.
The intraday bullishness can be seen if it breaks above $2400. On the higher side, the near-term resistance is $2400. Any break above the target $2450/$2500. Significant bullish continuation only above $2700.
The immediate support is around $2340. Any intraday break below will drag the pair to $2300/$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 $2350 with SL around $2290 for TP of $2700.
