FxWirePro- Ethereum Daily Outlook

ETHUSD holds above $3000 after a long consolidation. It hit a high of $3133 yesterday and is currently trading around $3047.

According to on chain, ETH whales have added 170000 ETH during the weekend. While Santiment data shows that supply on exchanges hits six months high.

The intraday bullishness is possible if it breaks above $3200. On the higher side, the near-term resistance is $3200. Any significant jump above the target of $35550/$4000. Significant bullish continuation only above $3555.

The immediate support is around $2930. Any intraday break below will drag the pair to $2870/$2800/$2725/2670/$2575/$2500. Any breach below $2470 confirms bearish continuation. A dip to $ 2400/$ 2350 is possible. A violation below $2100 will drag the Ethereum to $1870.

It is good to buy on dips around $2930-35 with SL around $2700 for TP of $3500.

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