# FxWirePro- Ethereum Daily Outlook

By Sheena Jordan

Canonical URL: https://www.tokenpost.com/news/business/12827
Published: 2024-08-28T02:59:54.000Z
Updated: 2024-08-28T02:59:54.000Z

Major resistance - $2800 (Support turned into resistance)

ETHUSD declined slightly on weak market sentiment. It hit a low of $2613 at the time of writing  and is currently trading at around $2620

“Notably, the whale withdrew those ETH tokens from Binance at $3,393 on average (estimated cost: $17.3 million), mostly between March 28 and April 3, 2024. If truly selling now at $2,682, the whale would realize an estimated loss of $3.62 million (-21%) after 5 months,” Spot On Chain stated.

The intraday bullishness is possible if it holds above $2800.On the higher side, the near-term resistance is 2800. Any significant jump above targets $3000/$3200. Significant bullish continuation only above $3400.

The immediate support is around $2650. Any breach below $2650 confirms bearish continuation. A dip to $2500/$2300/$2100/$1800/$1500 is possible. A violation below $1500 will drag the Ethereum to $1000.

It is good to buy on dips around $2500 with SL around $2300 for TP of $3200.

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