Ethereum price keeps providing the negative trades to move near our waited target at 100.00, moving inside the bearish channel that appears on the chart, which supports the expectations of extending the bearish wave towards the previously recorded low at 83.00.
Therefore, we will continue to suggest the bearish trend for today supported by the EMA50, conditioned by the price stability below 116.50.
Expected trading range for today is between 90.00 support and 115.00 resistance
Expected trend for today: Bearish