Ethereum price settles below 565.54 level, which keeps the negative pressure valid until now, supported by the EMA50 that protects trading inside the bearish channel that appears on the chart, besides stochastic move inside the overbought areas.
Therefore, we are waiting for negative trading in the upcoming sessions conditioned by the price stability below 565.54, noting that our next main target is located at 465.00.
Expected trading range for today is between 480.00 support and 580.00 resistance
Expected trend for today: Bearish