Ethereum (ETH/USD) has tested the $3360.31 level and maintained its stability above it, beginning to show positive trades. The price is now heading towards testing the neckline of the inverted head and shoulders pattern visible on the chart at $3505.00. Breaching this level could provide a strong positive impetus, supporting a rally towards our positive targets starting at $3641.82 and extending to $3890.00.
As a result, we continue to suggest a bullish trend for the upcoming period. However, it is important to note that breaking below the $3360.31 level would halt the expected rise and potentially lead to a decline.
The expected trading range for today is between the support level of $3300.00 and the resistance level of $3580.00.
Trend Forecast: Bullish
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