Ethereum (ETHUSD) has experienced renewed negative pressures in recent sessions, breaking below the $2,496.22 level and reaching a low of $2,432.00. The price is currently attempting to recover and test the resistance line at $2,496.22, which serves as a significant barrier against bullish attempts. As a result, we recommend adopting a cautious stance until clearer signals emerge regarding the next trend, contingent upon the breach of either of these critical levels.
If Ethereum surpasses the $2,496.22 resistance, it could initiate a recovery, targeting gains that begin at $2,548.15 and extend to $2,600.00. Conversely, breaking the $2,432.00 support level could signal the resumption of a bearish trend, with potential targets around $2,328.15.
The expected trading range for today is between the support level of $2,360.00 and the resistance level of $2,600.00.
Trend Forecast: Neutral
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