Ethereum Price Analysis (ETHUSD)
Ethereum (ETHUSD) has found solid support at the $3360.31 level, showing a clear rebound from today’s open with potential to test the key resistance at $3641.82. However, if the price remains below this resistance level, the overall negative scenario is likely to persist. Downside targets include breaking the mentioned support, with a potential move towards $3132.80.
Stochastic Indicator
The stochastic indicator has clearly lost its positive momentum, which supports the likelihood of a resumption of the expected bearish trend.
Expected Trading Range for Today
- Support: $3360.00
- Resistance: $3660.00
Trend Forecast: Overall Bearish
Ethereum is anticipated to maintain an overall bearish trend, contingent upon staying below key resistance levels and supported by technical indicators signaling further potential declines.
