Ethereum (ETH/USD) continues its upward momentum, surpassing the $3,700 mark and approaching the first key target at $3,740. The cryptocurrency is benefiting from strong support provided by the 50-period Exponential Moving Average (EMA50), reinforcing expectations for further gains. The next target for Ethereum is projected to reach $3,900.
As a result, the bullish outlook remains intact for both intraday and short-term periods, unless Ethereum breaks below the $3,550 level and sustains trading beneath it.
The anticipated trading range for today is between the support at $3,550 and the resistance at $3,800.
Trend Forecast: Bullish
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