Ethereum price (ETHUSD) has strongly breached the $3,360.31 level, reaching our anticipated target at $3,490. Further bullish momentum is expected to continue, aiming for additional gains to test $3,641.82 as the next major target.
The bullish trend scenario remains dominant for the upcoming sessions, although there may be some temporary sideways movement influenced by stochastic indicators showing negativity. It’s crucial to monitor the $3,360.31 level; a break below this point could halt the bullish momentum and lead to a corrective decline.
Today’s expected trading range is between support at $3,360.00 and resistance at $3,600.00.
Trend Forecast: Bullish
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