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ETHUSD lost its shine in the footsteps of BTC. The altcoin gained more than 90% this year due to the successful completion of the Decun upgrade. It hit a low of $3200.90 and is currently trading around $3275.
We just filed @Grayscale Ethereum Trust's amended Form 19b-4 filing, According to Craig Salm Chief Legal Officer Grayscale.
The intraday bullishness is possible if it holds above $3200. On the higher side, the near-term resistance is $3425. Any significant jump above the target of $3500/$3700/$3800/$4000. Significant bullish continuation only above $4800.
The immediate support is around $3200. Any breach below $3200 confirms bearish continuation. A dip to $3080/$3000 is possible. A violation below $2700 will drag the Ethereum to $2500/$2300.
It is good to buy on dips around $3200 with SL around $3000 for TP of $4350.
