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ETHUSD Dip-Buy at 2300 as 55 EMA Hurdle Caps Rally; Upside Targets 2770/2880/3000 on 2500 BreakETHUSD dropped almost $100 from the small peak of $2405 that developed yesterday. It hit an intraday low of $2308 and is currently trading at roughly $2319. 
Chart - Courtesy Trading View
USD/JPY was trading 0.33% higher on the day with session high at 115.48 and low at 115.04.
The major has resumed upside after brief pause on Monday's trade, outlook remains bullish.
Cautious sentiment during early Tuesday on fresh US-China trade fears, as well as firmer US Treasury yields keep upside limited.
US and Japan reach a deal on Monday to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually.
Traders remain cautious amid mixed markets, Thursday’s US Consumer Price Index (CPI) will be of importance for further impetus.
Momentum studies are bullish. Price action is above major moving averages which are trending higher.
Major Support Levels:
S1: 115.01 (5-DMA)
S2: 114.80 (21-EMA)
S3: 114.38 (55-EMA)
Major Resistance Levels:
R1: 115.63 (Upper BB)
R2: 116
R3: 116.66 (88.6% Fib)
Summary: USD/JPY trades with a bullish bias. Scope for test of 116 levels. Bullish invalidation only below 200-DMA.
