Ethereum price hovers around 475.00 level, and the price still within the bearish channel that appears on the chart, as the price falls under continuous negative pressure provided by the EMA50, reinforcing the chances of extending the bearish wave on the short term basis, as our next target is located at 358.00.
Therefore, we will continue to suggest the bearish trend unless breaching 609.65 level.
Expected trading range for today is between 420.00 support and 500.00 resistance
Expected trend for today: Bearish