ETHUSD: Bulls Back in Control, Targeting $3000 and Beyond

ETHUSD gained more than $200 as Israel and Iran tension eased.  It hit an intraday high of  $2640 and is currently trading around $2629.

Overall trend remains bullish as long as support of $2300 remains intact. Watch out for $2640, any break above targets $2661/$2715/$2770/$2880/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

Immediate support is around $2500. Any violation below will drag the price down to $2435/$2300/$2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.

It is good to buy on dips around $2500 with SL around $2250 for a TP of $3000/$4000.