Ethereum price begins today’s trading with a clear negativity, to move away from the EMA50, and by looking deeper in the chart, we find that the price forms head and shoulders pattern that supports the continuation of the expected bearish trend in the upcoming period, and the price moves below the neckline of this pattern now, reinforcing the chances for achieving more of the downside moves today.
Therefore, the bearish trend will remain active conditioned by holding below 189.90, reminding you that our initial target is located at 149.10.
The expected trading range for today is between 149.10 support and 175.00 resistance
The expected trend for today: Bearish