ETHUSD outperforms crypto markets and jumped more than 1.50%. It hit a high of $2345 at the time of writing and is currently trading around $2322.
Ethereum 2.0 staking volume increased to 143103 ETH and 137472 ETH on Feb crossed $300M for the first time in 2024. The Decun upgrade is to be completed by Feb 7th and also supports Ethereum at lower levels.
The intraday bullishness can be seen if it breaks above $2350. On the higher side, the near-term resistance is $2350. Any break above targets $2375/$2400. Significant bullish continuation only above $2700.
The immediate support is around $2275. Any intraday break below will drag the pair to $2225/$2165/$2100.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 $2275 with SL around $2200 for TP of $2700.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



