Ethereum price approached testing the support base formed above 102.50 level and keeps its stability above it, accompanied by stochastic reach to the oversold areas, to support the chances of bouncing bullishly and resume the bullish trend, which its next target located at 116.50.
Therefore, we will continue to suggest the bullish trend on the intraday basis unless breaking 102.50 level and holding below it.
Expected trading range for today is between 100.00 support and 116.50 resistance
Expected trend for today: Bullish