FxWirePro- Ethereum Daily Outlook
FxWirePro- Ethereum Daily Outlook
ETHUSD trades weak and holds below the $2500 level. It hit a low of $2426 yesterday and is currently trading around $2467.
The SEC delayed its decision on Fidelity ETH spot ETF from Jan 21st to Mar 8th, 2024.
The intraday weakness can be seen if it breaks below $2450. On the lower side, the near-term support is $2450. Any break below targets $2350/$2200/$2000. Significant downtrend if it breaks $1900.
The immediate resistance stands at around $2500. Any intraday break above $2500 confirms a minor jump to $2568/$2615/$2700 is possible. A surge past $2700 will take Ethereum to $3000.
It is good to buy on dips around $2450 with SL around $2300 for TP of $3000.
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