Ethereum (ETH/USD) has resumed its decline after recent positive movements, settling below the $2,545.00 level. This reinforces the continuation of the bearish trend on an intraday basis, with primary targets now set at $2,340.00 and subsequently $2,168.74.
The 50-day Exponential Moving Average (EMA50) continues to exert negative pressure on the price, supporting the bearish outlook. It is crucial for the price to remain below $2,623.77 to achieve the anticipated targets.
The expected trading range for today is between support at $2,380.00 and resistance at $2,640.00.
Trend Forecast: Bearish
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