Yesterday, Ethereum price (ETH/USD) exhibited clear positive movement, reaching the resistance of a bearish channel visible on the chart. We anticipate a breakthrough of this level, paving the way for a move towards the next major target at $3641.82.
As such, the bullish trend is expected to remain active in the upcoming period. However, it is crucial to monitor the $3360.31 level closely. A break below this support could prompt a correctional bearish movement within the channel, targeting around $3132.80 in the near term.
For today, the expected trading range for Ethereum is between the support level of $3350.00 and the resistance level of $3600.00.
Trend Forecast: Bullish
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