FxWirePro- Ethereum Daily Outlook

ETHUSD trades weak following the footsteps of BTC. It hit a low of $3134 yesterday and is currently trading at around $3196.

ETH ETF has seen a $33 million after four days of outflows. The intraday bullishness is possible if it holds above $3400.On the higher side, the near-term resistance is $3265. Any significant jump above the target is $3300/$3400/$3565/$3630/$3700. Significant bullish continuation only above $4000.

The immediate support is around $3130. Any breach below $3130 confirms bearish continuation. A dip to $3000/$2800 is possible. A violation below $2800 will drag the Ethereum to $2500/$2300/$2000.

It is good to buy on dips around $3200 with SL around $3000 for TP of $4500.

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