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ETH prices are higher and break significant resistance of $1860 after a long consolidation.
It holds above significant support of $1576-1643 (200 and 55-day EMA).
ETHUSD showed a minor pullback after seven weeks of consolidation. The jump was mainly due to Shanghai hard fork version on Apr 12th. EIP-4844 which is Ethereum Improvement Proposal introduces a new kind of transaction type to Ethereum which accepts "blobs' of data that can increase throughput and decrease transaction cost. It hits a high of $1829.80 and is currently trading around $1801.60.
The bullish invalidation can happen if the pair closes below $1570. On the lower side, the near-term support is $1810. Any break below targets $1730/$1660/$1570/$1365. Significant downtrend if it breaks $800.
The immediate resistance stands at around $1960. Any breach above confirms a minor pullback. A jump to $1973/$2030 is possible. A surge past $2050 will take Ethereum to $2294/$2500.
It is good to buy on dips around $1810 with SL around $1650 for TP of $2400/$2500.
