Ethereum price (ETHUSD) loses momentum – Forecast today - 02-05-2024
Economies.com
2024-05-02 04:03AM UTC
Ethereum Price (ETHUSD)
Expected Scenario
- Ethereum price (ETHUSD) ended yesterday above 2905.30$, but it begins today with new decline to press on this level and attempts to break it, to support the continuation of the expected bearish trend for the upcoming period, which targets 2800.00$ followed by 2625.00$ levels as next negative stations.
- Stochastic loses the positive momentum clearly to support the expectations to decline, which will remain valid unless the price rallied to breach 3132.80$ and hold above it.
Expected Trading Range
Between the support at 2780.00$ and the resistance at 3050.00$.
Trend Forecast: Bearish
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