Ethereum price attempts to break the bullish trend line that appears on the chart, falling under continuous negative pressure formed by the EMA50, which supports the continuation of our bearish overview in the upcoming period, supported by stochastic negativity, waiting to head towards 116.50 as a next main station.
We should note that the continuation of the expected bearish wave depends on the price stability below 137.24.
The expected trading range for today is between 116.00 support and 140.00 resistance
The expected trend for today: Bearish