ETHUSD declined slightly due to profit booking. It hit a low of $2875 yesterday and is currently trading around $2933.
The SEC is expected to approve ETF by May 2024. VanEck filed its revised S-1A and ARK/21Shares updated a new 19b-4 for spot ETH ETF.
The intraday bullishness can be seen if it breaks above $3000. On the higher side, the near-term resistance is $3000. Any break above the target of $3200/$35550. Significant bullish continuation only above $3555.
The immediate support is around $2870. Any intraday break below will drag the pair to $2800/$2725/2670/$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 $2840-45 with SL around $2700 for TP of $3500.
