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ETHUSD consolidated in a narrow range ahead of US Non-farm payroll data. It hit a high of $2318 at the time of writing and is currently trading around $2309.30.
According to The block data dashboard, the number of active addresses in Ethereum rose by 4% to 14.1 million, the highest recorded since Oct 2022. Ethereum Decun upgrade went on well and developers have set Feb 7th as the mainnet launch date.
The intraday bullishness can be seen if it breaks above $2320. On the higher side, the near-term resistance is $2320. Any break above targets $2350/$2375/$2400. Significant bullish continuation only above $2700.
The immediate support is around $2225. Any intraday break below will drag the pair to $2165/$2100.Any breach below $2100 confirms bearish continuation. A dip to $2000/$1900 is possible. A violation below $1870 will drag the Ethereum to $1500.
It is good to buy on dips around $2250 with SL around $2100 for TP of $2700.
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