Ethereum price declines strongly by today’s opening to test the key support 199.10 now, which urges caution from the upcoming trading, as breaking this level will push the price for more losses on the short term basis and opens the way to head towards 167.32 as a next station.
Until now, we will keep our bullish overview conditioned by the price stability above 199.10, noting that our main target is located at 250.55.
Expected trading range for today is between 190.00 support and 234.00 resistance
Expected trend for today: Bullish