ETHUSD Rockets: Will Ethereum Reach $3000?

ETHUSD surged nearly 40% in the past two days following the footsteps of BTC. It hits an intraday high of $2489 and is currently trading around $2384.

Overall trend remains bullish as long as support $1750 remains intact. The key near-term resistance is at $2500 any breach above targets $2770/$3000/$3400/$3600/$3800/$4000. A robust bullish trend will only materialize above $4100.

Immediate support is around $2300. Any violation below will drag the price down to $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 $2300 with SL around $2000 for a TP of $3000/$4000.