Ethereum price provides negative trading since yesterday to approach the key support 199.10, waiting to break this level to confirm the continuation of the bearish wave on the intraday and short term basis, as our next target is located at 167.32.
Therefore, the bearish trend will remain suggested in the upcoming sessions supported by the negative pressure formed by the EMA50, conditioned by the price stability below 218.77.
Expected trading range for today is between 180.00 support and 220.00 resistance
Expected trend for today: Bearish