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HomeLatestEthereum Price Faces Negative Momentum – Forecast for September 18, 2024

Ethereum Price Faces Negative Momentum – Forecast for September 18, 2024

Ethereum (ETHUSD) has experienced a bearish bounce following its previous evening rise, remaining below the EMA50. Clear negative signals from stochastic indicators suggest the potential for a resumption of the bearish trend, with an initial target set at $2168.74.

However, a breach of the $2345.00 and $2390.00 levels could reverse the trend and prompt a price increase.

The expected trading range for today is between $2200.00 and $2450.00.

Trend Forecast: Bearish

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