Ethereum price (ETHUSD) awaits confirmation signal – Forecast today - 26-04-2024

Economies.com
2024-04-26 03:58AM UTC

Ethereum (ETHUSD) Price Analysis

Expected Scenario

  • The Ethereum price remained relatively stable around 3132.80$, showing no significant movement.
  • Neutrality is advised until a clearer signal for the next trend emerges.
  • Breaking the mentioned level may exert new negative pressure, targeting a visit to the 61.8% Fibonacci correction level at 2905.30$.
  • Holding above this level may lead to attempts to build a bullish wave, targeting the initial testing of the 3360.31$ level.

Expected Trading Range

Between the support at 3030.00$ and the resistance at 3250.00$.

Trend Forecast: Neutral

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