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ETHUSD recovered after a minor sell-off. It hit a high of $3032.02 at the time of writing and is currently trading around $2989.50.
"The Dencun (EIP-4844) upgrade could reduce those costs by an order of magnitude or more," Nielsen CEO at Northstake said.
The intraday bullishness can be seen if it closes above $3000. On the higher side, the near-term resistance is $3000. Any significant jump 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.
