Ethereum (ETHUSD) has demonstrated notable upward momentum today, reaching the $3,360.31 level. A successful breach of this level could pave the way for further gains, potentially extending to $3,505 and $3,641.82.
While current stochastic indicators show some negativity that may lead to temporary sideways fluctuations, the overall trend remains bullish. Should Ethereum fail to surpass $3,360.31, a decline towards the key support level of $3,132.80 could occur before any subsequent positive movement.
The expected trading range for today is between $3,220 (support) and $3,500 (resistance).
Trend Forecast: Bullish
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