Ethereum price (ETHUSD) begins negatively – Forecast today - 19-04-2024

Ethereum (ETHUSD) Price Analysis

Expected Scenario

• Ethereum price (ETHUSD) opens today’s trading with clear decline to start pressing on 2905.30$ support line, moving within bearish channel that supports the chances of surpassing this level and open the way to suffer expected losses on the intraday basis, noting that the expected negative stations start at 2710.0$ and extend to 2595.00$.
• Stochastic overlaps negatively to support the expectations to decline in the upcoming sessions, noting that breaching 3132.80$ will stop the negative scenario and lead the price to turn to rise.

Expected Outcome

The expected trading range for today is between 2860.00$ support and 3080.00$ resistance.