Expected Scenario
Ethereum price (ETHUSD) exhibits a slight bearish bias as it approaches testing the critical support level at $2905.30. It is noteworthy that stochastic indicators are gaining positive momentum and beginning to overlap positively, bolstering the prospects of resuming the anticipated bullish wave on an intraday basis. The primary target of this bullish wave is set at testing $3132.80 mainly. Consequently, the positive scenario will remain valid and active. It’s important to observe that breaking below $2905.30 will halt the anticipated rise and prompt the price to incur new losses, reaching $2623.77.
Expected Trading Range
The projected trading range for Ethereum spans between support at $2680.00 and resistance at $3080.00.
Trend Forecast: Bullish
