# FxWirePro- Ethereum Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/11817 Published: 2024-05-17T00:13:39.000Z Updated: 2024-05-17T00:13:39.000Z Section: Investing > ETHUSD surged past $3000 on upbeat market sentiment. It hit a high of $3041 yesterday and is currently trading around $2994. ETHUSD surged past $3000 on upbeat market sentiment. It hit a high of $3041 yesterday and is currently trading around $2994. US equity markets hit a fresh all-time high after easing US inflation data. The equities and crypto markets have a positive correlation with each other. The intraday bullishness is possible if it holds above $3000. On the higher side, the near-term resistance is $3050. Any significant jump above the target is $3200/ $3300/$3360/$3400/$3500/$3620/$3700/$3800/$4000. Significant bullish continuation only above $4800. The immediate support is around $2800. Any breach below $2800 confirms bearish continuation. A dip to $2700/$2500 is possible. A violation below $2500 will drag the Ethereum to $2300/$2000. It is good to buy on dips around $2800 with SL around $2500 for TP of $4000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)