ETHUSD hits a multi-month high on upbeat market sentiment. It hit a high of $3973 yesterday and is currently trading around $3893.50.
The US Security Exchange Commission (SEC) approved 19b-4 applications from major players such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, etc on May 23rd.
The intraday bullishness is possible if it holds above $4000. On the higher side, the near-term resistance is $4000. Any significant jump above the target is $4500/$5000. Significant bullish continuation only above $4800.
The immediate support is around $3500. Any breach below $3500 confirms a bearish continuation. A dip to $3200/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.
It is good to buy on dips around $3700 with SL around $3500 for TP of $4500.


FxWirePro- Major Crypto levels and bias summary
Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
FxWirePro: EUR/NZD remains under pressure as key support gives way
FxWirePro: USD/JPY steadies around 158.75, bias bullish
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



