Ethereum price (ETHUSD) confirms the break – Forecast today - 16-04-2024
Economies.com
2024-04-16 06:13AM UTC
Ethereum Price Analysis
Ethereum price (ETHUSD) ended yesterday below $3,132.80, falling under expected negative pressure in the upcoming sessions, targeting visiting $2,905.28 as the next main station.
- EMA50 influence: Forms negative pressure that supports the suggested bearish wave, noting that breaching $3,132.80 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
- Expected trading range for today: Between $2,940.00 support and $3,200.00 resistance.
- Trend forecast: Bearish
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