Ethereum price (ETHUSD) forecast update - 06-05-2024
Economies.com
2024-05-06 11:08AM UTC
Ethereum Price Analysis (ETHUSD)
- Ethereum price (ETHUSD) traded positively to attack the 3132.80$ level.
- However, it declines again to attempt to trade below it, keeping the bearish trend scenario valid for today.
- This bearish scenario is supported by stochastic negativity.
- Waiting for the price to visit 2905.30$ as the next main target.
- Continuation of the bearish wave requires holding below 3132.80$.
Expected Trading Range for Today:
- Support: 3000.00$
- Resistance: 3220.00$
Trend Forecast:
Bearish
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