FxWirePro- ETHUSD Daily Outlook

FxWirePro- Ethereum Daily Outlook

ETHUSD is trading flat after ETH ETF started trading yesterday. It hit a low of $3390 yesterday and is currently trading at around $3428.

ETH ETF has seen outflows of $113.30 million on their second trading day.

The intraday bullishness is possible if it holds above $3300.On the higher side, the near-term resistance is $3365. Any significant jump above the target is $3400/$3500/$3630. Significant bullish continuation only above $4800.

The immediate support is around $3000. Any breach below $3000 confirms bearish continuation. A dip to $2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.

It is good to buy on dips around $3000 with SL around $2800 for TP of $4500.

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