Ethereum price (ETHUSD) forecast update - 19-04-2024
Economies.com
2024-04-19 10:43AM UTC
Ethereum Price (ETHUSD) Analysis
Expected Scenario
- The Ethereum price trades positively to test the key resistance at 3132.80$.
- The EMA50 meets this level to add more strength to it, waiting to resume the bearish wave.
- Targets begin by breaking 2905.30$ to confirm heading towards 2710.00$ as the next negative station.
- On the other hand, breaching 3132.80$ will push the price to start recovery attempts and build a bullish wave targeting testing 3360.31$ areas initially.
Expected Trading Range
Between 2970.00$ support and 3180.00$ resistance.
Trend Forecast: Bearish
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