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ETHUSD lost more than $100 from a minor top $2390. It hit a low of $2280 at the time of writing and is currently trading around $2294.
Dencun's second major Ethereum upgrade went live on the second of the three networks Sepolia test net and was successfully done without any hitch. The final live test will be done on Feb 7th on its Ethereum testnet Holesky.
The intraday bullishness can be seen if it breaks above $2400. On the higher side, the near-term resistance is $2320. Any break above targets $2375/$2400—significant bullish continuation only above $2700.
The immediate support is around $2280. Any intraday break below will drag the pair to $2225/$2165.Any breach below $2100 confirms bearish continuation. A dip to $2000/$1900 is possible. A violation below $1870 will drag the Ethereum to $1500.
It is good to buy on dips around $2000 with SL around $1900 for TP of $2500.
