FxWirePro- Ethereum Daily Outlook

ETHUSD trades in a narrow range between $2717 and $2456 for the past five days. It hit a high of $2551 and is currently trading around $2542.

The intraday weakness can be seen if it breaks below $2450. On the lower side, the near-term support is $2450. 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 $2540 with SL around $2350 for TP of $3580.

TokenPost | [email protected]