Ethereum price (ETHUSD) forecast update - 29-04-2024

Key Points:

• Ethereum price (ETHUSD) has reached the awaited target at $3132.80, indicating a potential for further decline.
• The current momentum suggests a break below $3132.80, potentially leading to extended bearish movement with negative targets around $2905.30.
• Continued bearish sentiment is advised for today, with a note that consolidation around the $3132.80 level may lead to a recovery towards $3360.30 before any further decline attempts.

Expected Trading Range:

The anticipated trading range for today is between $3100.00 (support) and $3340.00 (resistance).

Trend Forecast:

Bearish