Ethereum price resumed its negative trades strongly to surpass our waited target at 290.00 and heads for more decline to visit the bearish channel’s support line that appears on the chart, reinforcing the expectations of continuing the bearish trend on the short term basis, noting that the next station reaches 175.00.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 400.00 level and holding above it.
Expected trading range for today is between 200.00 support and 300.00 resistance
Expected trend for today: Bearish