Ethereum (ETH/USD) has achieved its first anticipated target at $2,775, with positive trading activity pushing the price higher. The next key target is set at $2,905.30, supported by the 50-day Exponential Moving Average (EMA), which is aiding the price from below.
The bullish trend is expected to continue in the near term. However, a decline below $2,623.77 and then $2,545.00 could halt the upward movement and potentially lead to a bearish reversal.
Today’s forecasted trading range for Ethereum is between $2,620.00 on the support side and $2,870.00 on the resistance side.
Trend Forecast: Bullish
Related topics: