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Ethereum price (ETHUSD) breaches the minor resistance – Forecast today - 06-06-2024
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Ethereum price (ETHUSD) breaches the minor resistance – Forecast today - 06-06-2024
Jun 5, 2024 9:56 PM

Ethereum (ETHUSD) Price Analysis Expected Scenario Ethereum price (ETHUSD) breached 3840.00$ and settled above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, waiting to visit 4096.85$ as a next main target. The positive support provided by the EMA50 reinforces the expectations of continuing the rise, noting that breaking 3775.00$ will stop the suggested rise and put the price under intraday negative pressure that targets testing 3641.82$ areas before any new positive attempt. Expected Trading Range Between 3750.00$ support and 4000.00$ resistance.

Trend Forecast: Bullish

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