FxWirePro- Ethereum Daily Outlook
ETHUSD surged more than 6.5% yesterday on upbeat market sentiment. It hit a high of $2687 at the time of writing and is currently trading around $2685.
The intraday bullishness can be seen if it breaks above $2720. On the higher side, the near-term resistance is $2720. Any break above the target of $3000/$3200. Significant bullish continuation only above $3555.
The immediate support is around $2635. Any intraday break below will drag the pair to $2560/$2485.Any breach below $2470 confirms bearish continuation. A dip to $ 2400/$ 2350 is possible. A violation below $2100 will drag the Ethereum to $1870.
It is good to buy on dips around $2625-30 with SL around $2480 for TP of $3500.
