ETHUSD Rockets Past Resistance: Eyes on $2000 and Beyond!

ETHUSD breaks significant resistance after a long consolidation. It hit an intraday high of $1906 and is currently trading around $1901.42.

Overall trend remains bullish as long as support $of 1500 remains intact. The key near-term resistance is at $1956 any breach above targets $2000/$2300/ $2500/$2770/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

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

It is good to buy on dips around $1875 with SL around $1500 for a TP of $2770/$3000.