ETHUSD formed a double top around $1875 and showed a minor sell-off. It hits an intraday low of $1834 and is currently trading around $1837.
Overall trend remains bullish as long as support $1500 remains intact. The key near-term resistance is at $1875 (trend line joining $4109 and $3746) 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 $1675. Any violation below will drag the price down to $1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.
It is good to buy above $1875 with SL around $1500 for a TP of $2770/$3000.
Overall trend remains bullish as long as support $1500 remains intact. The key near-term resistance is at $1875 (trend line joining $4109 and $3746) 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 $1675. Any violation below will drag the price down to $1620/$1500/$1200/$1000. A breach below $1000 could see Ethereum plummet to $800/$500.
It is good to buy above $1875 with SL around $1500 for a TP of $2770/$3000.
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