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ETH prices surged more than 30% in the past three weeks following the footsteps of BTC
It holds above significant trend line resistance of $1380.
ETHUSD continues to trade higher on upbeat market sentiment. The demand for riskier assets increased after BOJ's inaction and dovish Kuroda's speech. The central bank has kept its yield curve control policy unchanged. Markets eye YS PPI data for further direction. It hits an intraday high of $1607.70 and is currently trading around $1578.70.
On the lower side, the near-term support is $1400. Any close below targets $1325/$1250. Significant downtrend if it breaks $800.
The immediate resistance stands at around $1620. Any breach above confirms a minor pullback. A jump to $1676/$1809/$2000 is possible. A surge past $2500 will take Ethereum to Apr monthly high of $3581.
It is good to buy on dips around $1470-75 with SL around $1350 for TP of $1810/$2000.
