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Ethereum price (ETHUSD) crawls downwards – Forecast today - 08-05-2024
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Ethereum price (ETHUSD) crawls downwards – Forecast today - 08-05-2024
May 7, 2024 9:31 PM

Ethereum Price (ETHUSD) Performance Analysis and Outlook for the Next Sessions Expected Scenario Expected decline towards testing 2905.30$ mainly Breaking this level will extend the bearish wave to reach 2800.00$ followed by 2623.80$ areas Ethereum price (ETHUSD) fluctuates with calm negativity to gradually crawl towards our waited negative target at 2905.30$, waiting for more decline in the upcoming sessions, noting that breaking this level will extend the bearish wave to reach 2800.00$ followed by 2623.80$ areas as next negative stations.

The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 3132.80$ and holding above it.

Expected Trading Range Support: 2900.00$ Resistance: 3100.00$ Trend Forecast: Bearish

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