ETHUSD showed a minor pullback after a massive sell-off. It hit a high of $3236 yesterday and is currently trading around $3179.
Justin Sun owned a wallet suspected to have bought 127338 ETH, amounting approx $405 million. Sun holds a total of 295757 ETH.
The intraday bullishness is possible if it holds above $3300. On the higher side, the near-term resistance is $3280. Any significant jump above the target is $3400/$3500/$3620/$3700/$3800/$4000. Significant bullish continuation only above $4800.
The immediate support is around $3100. Any breach below $3100 confirms bearish continuation. A dip to $3000/$2700 is possible. A violation below $2700 will drag the Ethereum to $2500/$2300.
It is good to buy on dips around $3000 with SL around $2800 for TP of $4000.
