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ETHUSD is trading higher following the footsteps of BTC. It hit a high of $2481 at the time of writing and is currently trading around $2480.
According to Lidofinance, 25% of the ETH supply is now staked.
The intraday bullishness can be seen if it breaks above $2500. On the higher side, the near-term resistance is $2500. Any break above the target of $2700. Significant bullish continuation only above $2700.
The immediate support is around $2450. Any intraday break below will drag the pair to $2380/$2350/$2300.Any breach below $2100 confirms a 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 $2420-25 with SL around $2350 for TP of $2700.
