Ethereum (ETHUSD) is currently trading within a range defined by the key support level at $3,360.31 and the neckline of the inverted head and shoulders pattern at $3,505.00. Technical indicators are showing positive signals, suggesting a potential move above the neckline could trigger the bullish pattern and drive the price towards our main targets, which are $3,641.82 and potentially $3,880.00.
We maintain a bullish outlook for Ethereum in the near term. However, a break below $3,360.31 would invalidate this positive scenario and likely shift the price trajectory towards further bearish corrections.
Today’s expected trading range is between $3,320.00 support and $3,600.00 resistance.
Trend Forecast: Bullish
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