Ethereum price breached the bearish channel’s resistance and settled above 218.77, to turn to rise again, targeting testing 234.66 followed by 250.55 levels mainly.
Moving above the EMA50 supports the expectations to rise, taking into consideration that breaking 199.10 will stop the current bullish bias and put the price within the bearish track again.
Expected trading range for today is between 200.00 support and 250.00 resistance
Expected trend for today: Bullish