Ethereum price begins today’s trading with bearish bias to move away from 199.10 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by stochastic negativity that appears clearly on the four hours’ time frame, waiting to visit 167.32 level mainly.
We should note that breaching 199.10 followed by 218.77 levels will stop the suggested decline and push the price to rise.
Expected trading range for today is between 180.00 support and 205.00 resistance
Expected trend for today: Bearish