Ethereum (ETHUSD) is once again testing the $2,650.00 level, and a successful breakout above this threshold is essential for maintaining the bullish momentum in the upcoming sessions. If this level is surpassed, the next target is set at $2,720.00.
The 50-day Exponential Moving Average (EMA50) continues to support the expected bullish trend, which will remain intact unless the price breaks below $2,515.00 and stays under this level.
The anticipated trading range for today is between a support level of $2,530.00 and a resistance level of $2,750.00.
Trend Forecast: Bullish
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