Ethereum price confirmed breaching 496.00 level after holding above it, to complete forming a double bottom pattern that has positive targets that reach 609.65 level mainly.
Therefore, the bullish trend will be expected in the upcoming period supported by moving above the EMA50, taking into consideration that breaking 496.00 followed by 465.00 levels will stop the expected rise and put the price within the main bearish track again.
Expected trading range for today is between 465.00 support and 570.00 resistance
Expected trend for today: Bullish