ETHUSD: Buy the Dip for Potential Surge to $4000

ETHUSD showed a minor pullback following the footsteps of Bitcoin.  It hit an intraday high of  $2729 and is currently trading around $2687.

Overall trend remains bullish as long as support $2300 remains intact. Watch out for $2770, any daily close above targets $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 $2450/$2300/$2000/$1750/$1675/$1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.

It is advisable to buy on dips around $2550-$2555 with a stop-loss (SL) around $2300 for a take-profit (TP) of $ 3000 or $4000.