Ethereum price (ETHUSD) achieves some gains – Forecast today - 29-04-2024

Ethereum (ETHUSD) Price Analysis

• Ethereum price (ETHUSD) provided clear positive trades in the previous sessions to test 3360.30$ level, noticing that the price bounced bearishly from there to head towards testing 3132.80$ as a first negative target, noting that breaking it will push the price to achieve more decline and visit 2905.30$ areas as a next negative station.
• Therefore, the bearish bias will be suggested for today unless the price rallied to breach 3360.30$ and hold with a daily close above it.

The expected trading range for today is between 3100.00$ support and 3340.00$ resistance.

Trend forecast: Bearish