FxWiePro- ETHUSD Daily Outlook

Major resistance - $2800 (Support turned into resistance)

ETHUSD traded flat despite dovish FOMC minutes. It hit a low of $2536 and is currently trading at around $2613.

BlackRock's iShares Ethereum Trust (ETHA) has crossed the milestone of $1 billion in inflows since inception. ETH ETF has seen an overall outflow of $440 million till now.

The intraday bullishness is possible if it holds above $2800.On the higher side, the near-term resistance is 2800. Any significant jump above targets $3000/$3200. Significant bullish continuation only above $3400.

The immediate support is around $2500. Any breach below $2500 confirms bearish continuation. A dip to $2300/$2100/$1800/$1500 is possible. A violation below $1500 will drag the Ethereum to $1000.

It is good to buy on dips around $2500 with SL around $2300 for TP of $3200.

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