Ethereum price (ETHUSD) forecast update - 29-04-2024
Economies.com
2024-04-29 09:54AM UTC
Ethereum Price Analysis
Key Points:
- Ethereum price (ETHUSD) has reached the awaited target at $3132.80, indicating a potential for further decline.
- The current momentum suggests a break below $3132.80, potentially leading to extended bearish movement with negative targets around $2905.30.
- Continued bearish sentiment is advised for today, with a note that consolidation around the $3132.80 level may lead to a recovery towards $3360.30 before any further decline attempts.
Expected Trading Range:
The anticipated trading range for today is between $3100.00 (support) and $3340.00 (resistance).
Trend Forecast:
Bearish
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