Ethereum price (ETHUSD) keeps declining – Forecast today - 09-05-2024
Economies.com
2024-05-09 03:42AM UTC
Ethereum Price (ETHUSD) Analysis
Forecasts and Analysis
- Ethereum price (ETHUSD) continues to decline to reach the thresholds of the waited target at 2905.30$.
- The price is affected by the previously completed double top pattern that we expect to force the price to break the mentioned level and head to suffer additional losses in the upcoming period, extending the negative targets towards 2800.00$ followed by 2623.80$ areas.
- Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 3132.80$.
Expected Trading Range
The expected trading range for today is between 2880.00$ support and 3080.00$ resistance.
Trend Forecast: Bearish
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