Ethereum (ETH/USD) Price Analysis
Expected Scenario
The Ethereum price (ETH/USD) encountered significant downward pressure yesterday, reaching around $3215.00 before rebounding strongly to attempt holding above $3360.31. This suggests a potential for recovery and upward movement on an intraday basis, targeting levels around $3530.00 and potentially reaching $3641.82 upon surpassing the previous resistance.
Positive trading sessions are expected unless the price breaks below $3360.31 and sustains below this level.
Expected Trading Range
Traders can anticipate Ethereum to trade within a range of $3280.00 support to $3500.00 resistance.
Trend Forecast
The trend forecast for Ethereum (ETH/USD) is currently bullish, contingent upon maintaining levels above critical support.
Investors and traders should closely monitor these levels to navigate today’s cryptocurrency market effectively.
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