Ethereum (ETHUSD) has demonstrated a strong upward rally in recent sessions, successfully reaching our target of $2,720.00. Today, the price has surpassed this level at the market open, setting the stage for further gains in the intraday and short-term outlook, with the next target set at $2,905.30.
The bullish trend is expected to remain valid and active in the upcoming period, supported by the EMA50 indicator. It is crucial for Ethereum to maintain its position above $2,623.77 to continue the anticipated bullish wave.
The expected trading range for today is between $2,630.00 (support) and $2,870.00 (resistance).
Trend Forecast: Bullish
Related topics: