# FxWirePro- Ethereum Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/11259 Published: 2024-02-17T03:14:09.000Z Updated: 2024-02-17T03:14:09.000Z Section: Investing > ETHUSD trading higher for a second consecutive week on upbeat market sentiment. It hit a high of $2868 yesterday and is currently trading around $2830. ETHUSD trading higher for a second consecutive week on upbeat market sentiment. It hit a high of $2868 yesterday and is currently trading around $2830. The Ethereum staking and Dencun upgrade contributed to the positive sentiment. The intraday bullishness can be seen if it breaks above $2870. On the higher side, the near-term resistance is $2870. Any break above the target of $3000/$3200. Significant bullish continuation only above $3555. The immediate support is around $2780. Any intraday break below will drag the pair to $2700/$2670/$2575/$2500.Any breach below $2470 confirms bearish continuation. A dip to $ 2400/$ 2350 is possible. A violation below $2100 will drag the Ethereum to $1870. It is good to buy on dips around $2720 with SL around $2600 for TP of $3500. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)