Ethereum price (ETHUSD) attempts to recover – Forecast today - 18-04-2024

Price Analysis: Ethereum (ETHUSD)

Expected Scenario

• The Ethereum price (ETHUSD) managed to reach the 2905.30$ level and rebounds bullishly, heading towards an expected visit to the 3132.80$ level, which represents a key level to determine the next destination. Breaching it will lead the price to achieve additional gains, reaching 3360.31$.
• We expect to witness more bullish bias in the upcoming sessions, conditioned by the price stability above 2905.30$. Breaking this level will put the price under new negative pressure, with its next target reaching 2800.00$ areas.

Expected Outcome

The expected trading range for today is between 2950.00$ support and 3160.00$ resistance.