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Ethereum price (ETHUSD) faces solid support – Forecast today - 30-04-2024
Ethereum (ETHUSD) Price Analysis
The Ethereum price (ETHUSD) fluctuates around the EMA50, awaiting negative momentum to assist in breaking 3132.80$ and confirming the continuation of the bearish correction on the intraday and short-term basis, targeting 2905.30$ mainly.
Therefore, the bearish trend scenario will remain valid for the upcoming period. It's worth noting that breaching 3360.30$ will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
Expected Trading Range
- Support: 3050.00$
- Resistance: 3260.00$
Trend Forecast
Bearish
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