Ethereum (ETH) has resumed its downward trend, with the price approaching the key target of $3,222. Analysts anticipate that this level will be breached, opening the door for further declines, with the next potential target at $3,020. This bearish outlook is influenced by the completion of a double top pattern, signaling continued downward momentum.
For the bearish trend to remain intact, Ethereum must stay below the $3,510 mark. If the price breaks above this level, it could negate the current negative outlook.
Expected Trading Range:
Support: $3,280
Resistance: $3,540
Trend Forecast: Bearish
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