ETHUSD is trading weak for a third consecutive day. It hit a low of $3075 yesterday and is currently trading around $3114.
The SEC has postponed its application for Grayscale and Franklin ETH ETF. Hong Kong's ETH ETF will commence trading on Apr 30th, 2024.
The intraday bullishness is possible if it holds above $3200. On the higher side, the near-term resistance is $3200. Any significant jump above the target is $3300 $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.
