FxWirePro- Ethereum Daily Outlook

ETH prices jumped after a minor sell-off.

ETHUSD recovered more than $200 after BTC ETF approval. Market hopes ETH ETF following BTC Spot ETF approval. BlackRock already filed for its iShares Ethereum Trust It hit a high of $2690 and is currently trading around $2657.

The intraday weakness can be seen if it breaks below $2545. On the lower side, the near-term support is $2545. Any break below targets $2415/$2350/$2200. Significant downtrend if it breaks $1900.

The immediate resistance stands at around $2700. Any violation above $2700 confirms a minor jump to 3000/$3580 is possible. A surge past $3600 will take Ethereum to $4000/$4800

It is good to buy on dips around $2550 with SL around $2350 for TP of $3580.

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