Ethereum (ETHUSD) has once again declined to test the $2,545.00 support level. Currently, the stochastic indicator is showing clear positive signals, which could drive a resumption of the expected bullish trend. The anticipated targets are $2,775.00 and, subsequently, $2,905.30.
For the bullish outlook to remain valid, Ethereum needs to break above $2,623.77. Failure to hold above $2,545.00 could halt the bullish trend and lead to a downward shift in price.
Today’s expected trading range is between $2,500.00 for support and $2,720.00 for resistance.
Trend Forecast: Bullish
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