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ETHUSD trades weak after upbeat US jobs data. It hit a low of $3211 at the time of writing and is currently trading around $3237.
The US economy has added 303000 jobs in March, above the estimate of 200000. While the unemployment rate fell to 3.8% from 3.9% the previous month. Average hourly earnings surged to 0.30% vs. a Forecast of 0.20%.
The intraday bullishness is possible if it holds above $3500. On the higher side, the near-term resistance is $3500. Any significant jump above the target is $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 $3000/$2700 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 $4000.
