Ethereum price faced strong negative pressure to break 154.00 followed by 137.24 levels and settles below the last level now, which hints the price head to return to the main bearish trend after the temporary bullish correction that dominated the recent trades, on its way to visit 116.50 as a next negative station.
Therefore, the bearish bias will be expected in the upcoming period unless breaching 154.00 level and holding above it.
Expected trading range for today is between 120.00 support and 150.00 resistance
Expected trend for today: Bearish