Ethereum (ETHUSD) recently encountered a bearish pullback after hitting the anticipated target of $3440.00. However, the price remains within a bullish channel, which supports the potential continuation of the main upward trend. A successful breach of the $3440.00 level would open the path toward further positive targets, with $3565.00 and $3690.00 as the next key resistance levels.
Technical indicators are showing positive signals, reinforcing the expectation of a rise in the upcoming sessions. However, if Ethereum breaks below the $3185.00 level, the bullish trend could be halted, triggering additional bearish corrections with a potential target at $3026.70.
The expected trading range for today is between $3220.00 (support) and $3480.00 (resistance).
Trend Forecast: Bullish
