ETHUSD has trading in a narrow range between $2845 and $3280 for the past ten days. It hit a high of $3236 at the time of writing and is currently trading around $3203.
The correlation of ETH with the German market DAX increased to 0.70, S&P 500 and NASDAQ reached 0.77 and 0.70 respectively.
The intraday bullishness is possible if it holds above $3300. On the higher side, the near-term resistance is $3280. Any significant jump above the target is $3400/$3500/$3620/$3700/$3800/$4000. Significant bullish continuation only above $4800.
The immediate support is around $3100. Any breach below $3100 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 $3000 with SL around $2800 for TP of $4000.


FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major European Indices
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



