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ETHUSD showed a minor pullback on upbeat market sentiment. It hit a high of $3586 and is currently trading around $3542.
According to the on-chain data tracker, three whales liquidated 26946 ETH in the past four days.
The intraday bullishness is possible if it holds above $3600. On the higher side, the near-term resistance is $3600. Any significant jump above the target of $3700/$3800/$4000. Significant bullish continuation only above $4800.
The immediate support is around $3440. Any breach below $3440 confirms bearish continuation. A dip to $3370/$3300/$3200 is possible. A violation below $2700 will drag the Ethereum to $2500/$2300.
It is good to buy on dips around $3400 with SL around $3200 for TP of $4350.
