Ethereum (ETHUSD) Price Analysis
Current Scenario
Ethereum (ETHUSD) has opened today under significant negative pressure, with a focus on testing the critical support level at 3,360.31$. There are indications suggesting a potential break below this level, resuming a bearish correctional trend. However, stochastic indicators show some positive signals that could potentially temper further declines.
Neutral Outlook
Given the current uncertainty, it is prudent to remain cautious until Ethereum’s price confirms its stance relative to 3,360.31$. A continuation of the decline and a breach below this level would likely target lower objectives around 3,132.80$. Conversely, consolidation above this support level would support a recovery towards 3,641.82$.
Expected Trading Range
- Support: 3,250.00$
- Resistance: 3,500.00$
Trend Forecast: Neutral
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