Ethereum (ETHUSD) is demonstrating a bullish bias after bouncing off the $3222.00 support level in recent sessions, maintaining the positive trend on an intraday basis. The cryptocurrency is poised to gather the momentum needed to break through the $3425.50 resistance and potentially extend its rally towards the $3680.00 mark.
For the bullish trend to remain intact, it is crucial for ETH to stay above the $3222.00 level. A break below this support would signal a shift to a bearish outlook, with further losses potentially pushing the price down to $3017.30.
The expected trading range for today is between $3200.00 (support) and $3460.00 (resistance).
Trend Outlook: Bullish
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