Ethereum price (ETHUSD) reaches the target – Forecast today - 01-05-2024
Economies.com
2024-05-01 03:48AM UTC
Ethereum (ETHUSD) Price Analysis
Expected Scenario
- Ethereum price (ETHUSD) reached few pips away from our waited target at 2905.30$, showing some bullish bias affected by stochastic positivity, waiting to get negative motive that assists to push the price to break the mentioned level and open the way to resume the bearish wave, which its next target reaches 2800.00$.
- On the other hand, we should note that breaching 3132.80$ will stop the expected decline and lead the price to attempt to regain the main bullish trend and head to test 3360.31$ areas initially.
Expected Trading Range
Between 2850.00$ support and 3100.00$ resistance.
Trend Forecast: Bearish
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