ETHUSD trades in a anarrow range ahead oif US jobs data. It hit a high of $3888 yesterday and is currently trading around $3857.
The SEC chairman GaryGensler said that the next step in the ETH ETF approvals “will take some time”.
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 $3700. Any breach below $3700 confirms bearish continuation. A dip to $3500/$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.
