ETHUSD hits a fresh 2024 high, following in the footsteps of Bitcoin. It hit a high of $2828 at the time of writing and is currently trading around $2798.50.
The Ethereum staking deposits hit $85 million and 30.2 million ETH are locked up in the Beacon Chain.
The intraday bullishness can be seen if it breaks above $2862. On the higher side, the near-term resistance is $2862. Any break above the target of $3000/$3200. Significant bullish continuation only above $3555.
The immediate support is around $2720. Any intraday break below will drag the pair to $2670/$2575/$2500.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 $2700 with SL around $2575 for TP of $3500.
