Ethereum price tests the bullish channel’s support line, while the EMA50 continues the attempts to protect the recently suggested positive scenario, which its next target located at 170.76.
We should note that the continuation of the negative pressure and breaking 137.24 will stop the suggested bullish trend and push the price to return to the main bearish track again.
Expected trading range for today is between 140.00 support and 170.76 resistance
Expected trend for today: Bullish