ETHUSD has consolidated in a narrow range between $3679 and $3458 in the past two days. It hit a high of $3591 at the time of writing and is currently trading around $3572.
Blackrock CEO Larry Fink said in a Fox Business interview that ETH ETF is possible even if the SEC considers it as security.
The intraday bullishness is possible if it holds above $3700. On the higher side, the near-term resistance is $3700. Any significant jump above the target is of $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.
