# FxWirePro- Ethereum Daily Outlook

By Sheena Jordan

Canonical URL: https://www.tokenpost.com/news/investing/11125
Published: 2024-01-22T00:39:33.000Z
Updated: 2024-01-22T00:39:33.000Z
Section: Investing

> ETHUSD trades weak and holds below the $2500 level. It hit a low of $2426 yesterday and is currently trading around $2467.

FxWirePro- Ethereum Daily Outlook

ETHUSD trades weak and holds below the $2500 level. It hit a low of $2426 yesterday and is currently trading around $2467.

The SEC  delayed its decision on Fidelity ETH spot ETF from Jan 21st to Mar 8th, 2024.

The intraday weakness can be seen if it breaks below $2450. On the lower side, the near-term support is $2450. Any break below targets $2350/$2200/$2000. Significant downtrend if it breaks $1900.

The immediate resistance stands at around $2500. Any intraday break above $2500 confirms a minor jump to $2568/$2615/$2700 is possible. A surge past $2700 will take Ethereum to $3000.

It is good to buy on dips around $2450 with SL around $2300  for TP of $3000.

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