Ethereum (ETHUSD) is experiencing temporary negative pressure but remains supported by the EMA50, which offers solid backing for the price. Stochastic indicators have shifted from negative to positive, suggesting the potential for a continuation of the bullish trend. The next significant targets are to breach $3,505.00, which would activate the positive effects of the inverted head and shoulders pattern, potentially driving the price towards $3,641.82 and $3,880.00.
The overall bullish trend remains intact unless the price breaks below $3,360.31 and maintains that level.
The expected trading range for today is between $3,360.00 for support and $3,600.00 for resistance.
Trend Forecast: Bullish
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