Ethereum price (ETHUSD) tests the resistance – Forecast today - 06-05-2024
Economies.com
2024-05-06 04:09AM UTC
Ethereum Price Analysis (ETHUSD)
Expected Scenarios and Trading Range
Ethereum price (ETHUSD) hovers around 3132.80$ level and attempts to consolidate below it, accompanied by witnessing new negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 2905.30$.
Breaking 3095.00$ will ease the mission of achieving the suggested target, noting that breaching 3132.80$ will stop the negative scenario and lead the price to attempt to build bullish wave that its targets begin by testing 3360.31$ areas.
Expected Trading Range for Today
Between the support at 3000.00$ and the resistance at 3220.00$
Trend Forecast: Bearish
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