Ethereum (ETH/USD) has opened today under significant negative pressure, breaking below the $2,545.00 support level. This move signals a potential decline, with initial targets set at $2,340.00, and further downward movement possible towards $2,168.74 if the lower level is surpassed.
Given the current trend, a bearish outlook is anticipated for the near term. However, if Ethereum can recover and break above $2,545.00, followed by $2,623.77, it could reverse the bearish trend and initiate a new bullish phase.
Today’s expected trading range for Ethereum is between $2,330.00 (support) and $2,600.00 (resistance).
Trend Forecast: Bearish
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